"There's quite a lot of spending commitments and tax increases... the problem is it's not obvious that there's money in there for some of the areas that are struggling most."
— Institute for Fiscal Studies (@TheIFS) June 10, 2024
⏱️ Watch @PJTheEconomist's take on the @LibDems manifesto and read our response: https://t.co/af821RDNzSpic.twitter.com/y1WFvAjpNi
Authors

Director
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Explainer details
- DOI
- 10.1920/ex.ifs.2024.0036
- Publisher
- Institute for Fiscal Studies
Suggested citation
Johnson, P. (2024). The Liberal Democratic manifesto [Explainer] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/liberal-democratic-manifesto (accessed: 24 June 2025).
Grant
Related documents
More from IFS
Understand this issue

What's gone wrong in the Crown Courts?
Delays in serious court cases are at record highs. We ask why the Crown Court backlog is growing—and if more money alone can solve it.
19 June 2025

Spending Review 2025: What it means and why it matters
We take a closer look at the Spending Review and what the policies mean for public services, investment and the wider economy.
12 June 2025

Drastic times need drastic action: breaking the 50-year tax taboo
Rachel Reeves should consider increasing the basic rate, just as Denis Healey did in 1975
14 April 2025
Policy analysis

A response to government commitment to spend 5% of GDP on national security
A response to the government's announcement that it will commit to spending 5% of national income on national security in 2035.
24 June 2025

Treasury must not favour politics over evidence in spending decisions
Changes proposed in the fabled Green Book review could end up being highly consequential and tell us how the government is thinking — which worries me
23 June 2025

Response to Reform’s Britannia card proposal
Reform UK's tax plans aim to attract wealthy migrants but raise concerns over revenue impact, domicile rules, and administrative complexity.
23 June 2025
Academic research

TaxDev collaborating with Government of Ghana on VAT, customs, and distributional analysis
Ghana Ministry of Finance officials explain how the partnership with TaxDev is helping to improve tax policy analysis
24 February 2025

A review of Ghana's value-added tax (VAT) system
The report undertakes a review of the VAT system in Ghana with a view to making recommendations for future policy action.
11 February 2025

Resource windfalls, public expenditures and local economies
We show that the redistribution of natural resource tax revenues to non-extractive municipalities stimulates economic activity in local economies.
18 November 2024