IFS Green Budget 2024

We describe the fiscal outlook and set out the unenviable but important choices – which could define the parliament – confronting Rachel Reeves.

Growth has been better than expected this year, but the UK’s recovery is not yet secure. Structural changes will require reform, not just investment.

We examine the challenges facing public services and the Chancellor’s public spending options at the forthcoming Budget and Spending Reviews.

Should the government raise capital gains tax in the Budget? What is the case for reforming capital gains tax? What are the options for reform?

Relative child poverty has increased. Which children are most likely to be affected? What policies would most effectively reduce child poverty?

Over a fifth of government spending goes on pay. We examine recruitment and retention challenges which mean that pressures could mount going forward.