Tax and Spend: Letter to the Telegraph

Understand this issue

What options does Rachel Reeves have for the Budget?

podcast

We explore the options the Chancellor has in the forthcoming Budget.

16 October 2024

Rachel Reeves' spending audit explained

explainer

IFS Director Paul Johnson responds to Rachel Reeves' spending audit in 90 seconds.

29 July 2024

Tough questions will face the election winners

comment

"Whichever of the main parties forms the next government, it will need to cut spending or raise taxes or it will miss its own fiscal targets."

10 June 2024

Policy analysis

Autumn Budget 2024: initial IFS response

comment

IFS Director Paul Johnson responds to the overall picture for taxation, spending and the public finances in the Autumn 2024 Budget.

30 October 2024

Current budget balance as a share of national income: out-turn and official forecasts

data item

The Chancellor has chosen to borrow for a large top-up to day-to-day spending in the near term, but spending plans are set to tighten after.

30 October 2024

Green Budget 2024: Full report

report

The new Chancellor faces a difficult fiscal inheritance. Her choices on tax and spending at this first Budget could define the rest of the parliament.

10 October 2024

Academic research

A monetary-fiscal theory of sudden inflations

working paper

This paper posits an information channel as the explanation for sudden inflations.

20 December 2022

Rewriting the fiscal rules

book chapter

The Chancellor was right to suspend the current set of fiscal targets during the pandemic, and he is also right to take time to consider what a good set of post-pandemic targets will be.

12 October 2021

Spending Review 2021: plans, promises and predicaments

book chapter

In this chapter, we look at the options and trade-offs for the Chancellor ahead of the forthcoming Spending Review.

12 October 2021