Next week's Budget will take place against the backdrop of a £40bn hole in the public finances. This leaves the chancellor two tough choices, argue Carl Emmerson and Gemma Tetlow - severe spending cuts or tax rises.

    Authors

    Carl Emmerson
    Carl Emmerson

    Deputy Director

    Carl, a Deputy Director, is an editor of the IFS Green Budget, an expert on the UK pension system and sits on the Social Security Advisory Committee.

    Comment details

    DOI
    10.1920/co.ifs.2024.0994
    Publisher
    IFS

    Suggested citation

    Emmerson, C and Tetlow, G. (2009). This will hurt [Comment] IFS. Available at: https://ifs.org.uk/articles/will-hurt (accessed: 15 June 2025).

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