Budget 2007

Published on 21 March 2007

After each Autumn Statement, Budget and Spending Review, we publish analysis of the Chancellor's proposals and reforms.

Briefing and analysis

The Chancellor gave his Budget statement at 12.30 pm on Wednesday 21st March 2007.

On Thursday 22nd March, the day following the Budget, the Institute for Fiscal Studies held a lunchtime briefing.

Presentations from the briefing:

Green Budget 2007

The IFS Green Budget 2007 assesses key questions that the Chancellor has to confront in drawing up his 2007 Budget statement. The areas covered are fiscal policy, public spending and the public finances; tax credits; VAT fraud and evasion; taxation of multinationals and the ECJ; and environmental taxation. Published in collaboration with Morgan Stanley, the Green Budget also discusses the outlook for economic growth, funding issues and debt management. These topics and others were covered in our general election analysis in 2005; we examined Labour's record since 1997 and the proposals in the three largest parties' manifestos.

Public finances

Poverty and inequality

Environmental taxation

The UK tax system and the environment takes a broad overview of the UK environmental tax system as it exists in 2006. It aims to bring together evidence and data from a range of sources to provide a central source of information about the existing environmental tax system, alongside discussion of the key principles of the debate around using taxes and other economic instruments for environmental goals.