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Press release
The two candidates for Prime Minister need to recognise the even greater than usual uncertainty in the public finances.
Briefing note
This report sets out an illustrative scenario for how the current path of inflation and growth might affect government revenues and spending and discusses the resulting consequences for the scope for permanent tax cuts.
Press release
The government would need to find £12 billion simply to achieve what it was aiming to do with the £24 billion package announced in May.
Newspaper article
"Over the next few years, we can have some combination of sound public finances, a well-funded welfare state and tax cuts. We can’t have all three."