More from IFS
Understand this issue

The tough fiscal reality facing the UK government
Britain faces high debt, high borrowing costs, rising taxes and stretched public services. We explain the fiscal reality facing any government.
28 May 2026

What do councils actually do?
What does local government do, why are councils under financial pressure, and how might reform change the future of local services?
14 May 2026

The Spring Forecast explained
Spring Forecast: headline numbers look steady but higher energy prices could lift UK inflation, rates and borrowing faster than expected.
4 March 2026
Policy analysis

The Scottish Government faces a fiscal reckoning – with spending cuts or tax rises on the way
Scottish Government funding likely to fall in 2027–28, meaning manifesto pledges could force spending cuts or increases to devolved taxes.
27 May 2026

New Welsh Government will face big fiscal challenges as it seeks to implement its policy priorities
The new Plaid Cymru government faces a difficult fiscal outlook – and the need to find common ground with other parties.
19 May 2026

Initial response to the SNP’s manifesto
A manifesto pledging a bigger welfare state with or without independence, but which fails to properly confront the fiscal implications of its plans
16 April 2026
Academic research

Discretion versus algorithms: bureaucrats, tax equity and acceptability
We study how replacing bureaucrats’ discretion with algorithmic assessment affects the accuracy, equity, and public acceptance of tax decisions.
11 May 2026

The role of dispersed information in maintaining low interest rates
With domestic-currency debt, a confidence crisis need not cause default, as monetary financing can shift default risk into inflation risk.
17 December 2025

6th World Bank/IFS/ODI Public Finance Conference | Driving Progress: Public Finance and Structural Transformation
Online registrations are now open for the 6th World Bank/IFS/ODI Public Finance Conference.