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Home Publications Spring Statement 2022: IFS analysis

Spring Statement 2022: IFS analysis


You can download the event slides below: 

Outlook for the public finances by Carl Emmerson

Spending on public services: an ominous silence? by Ben Zaranko

Incomes and personal tax and benefit measures by Robert Joyce

The Chancellor’s Spring Statement, on Wednesday 23 March, was not supposed to be a major fiscal event. But rapidly rising inflation and the onset of the conflict in Ukraine forced the Chancellor to produce more than just a new set of economic and fiscal forecasts.

IFS researchers presented their initial analysis of the Chancellor's announcements on the public finances, as well as any changes to spending on public services and the tax and benefit system, on the following day, Thursday 24 March, at a livestreamed press briefing.

More on this topic

Newspaper article
Paul Johnson writes for the Times on the 'difficult decisions' surrounding public sector pay.
Press release
The value of government support for living costs for university students from the poorest families will fall to its lowest level in seven years in the coming academic year, as maintenance loan entitlements will fail to keep up with inflation.
Since 2010, more experienced and higher-paid workers in the NHS have experienced the largest pay cuts. This has compressed the pay distribution.
It is disappointing that the UK government has ‘taken back control’ only to stick to an arbitrary, poorly designed, out-of-date funding allocation mechanism.