More from IFS
Understand this issue

What is this government’s ‘theory of growth’? Nobody knows
"Shifting the performance of an entire economy requires a long-term, consistent and persistent direction." Paul Johnson writes for the Times.
20 January 2025

How important is the OBR forecast?
The OBR forecast will underpin the Chancellor’s decisions at the next Spring Forecast.
12 February 2025

Change in selected departmental capital budgets since 2007–08
The Ministry of Justice saw the biggest cuts to its capital budget over the 2010s, but then has seen the largest relative increases since.
11 February 2025
Policy analysis

A look ahead to the 2025 Spring Forecast
What are the Chancellor’s options if – and it is very much an if – the upcoming Spring Forecast puts her on track to miss her fiscal targets?
6 March 2025

Scottish Budget: the overall fiscal and spending outlook
Funding and spending growth are set to slow. Without a top-up, health spending will be flat in 2025–26 and tricky trade-offs elsewhere loom too.
20 February 2025

Public spending on health and defence in the UK over time
Public spending on defence in the UK has decreased significantly in the past 70 years, while health spending has increased.
18 February 2025
Academic research

There and back again: women’s marginal commuting costs
2 April 2024

House price rises and borrowing to invest
27 March 2024

Do work search requirements work? Evidence from a UK reform targeting single parents
1 February 2023