Dr Isabel Stockton

On 5 September we will know which of the two is the next Conservative Party leader - and therefore Prime Minister - so their visions for tax and spending matter.

Today's data release confirmed very high government debt payments in June, driven by high inflation and usual seasonal effects.

At this event, IFS researchers will set out their latest assessment of the economic and fiscal backdrop and some of the challenges that the Chancellor will need to consider.

By 2026, despite the sharp reduction in borrowing, the UK is forecast to see the second-biggest increase in government debt out of 28 economies for which comparable forecasts are available – with only the US seeing a bigger increase.

The IFS Green Budget 2021, in association with Citi and with funding from the Nuffield Foundation, analysed the ongoing impacts of the pandemic, its economic legacy, and the big decisions confronting Chancellor Rishi Sunak as he prepares for his upcoming Budget and Spending Review.

The IFS Green Budget looks at the ongoing impacts of the COVID-19 pandemic, as the Chancellor aims to secure a lasting recovery and deliver on the Government’s other objectives and priorities.

IFS immediate reaction to the Prime Minister's announcement about social care.