The Green Budget 2005 was edited by Robert Chote, Carl Emmerson, David Miles and Zoë Oldfield, and copy-edited by Judith Payne.
It was produced in collaboration with Morgan Stanley and with additional funding from the ESRC-funded Centre for the Microeconomic Analysis of Public Policy at IFS.
2.2 Gordon Brown's fiscal rules
2.3 Forecasting the public finances
2.4 Meeting the golden rule
2.5 Meeting the sustainable investment rule
2.6 Reforming the fiscal framework
3.2 Recent developments
3.3 The cycle, trend growth and spare capacity
3.4 Risks to the Pre-Budget Report forecast
4.2 Short-term projections
4.3 Medium-term prospects
4.4 Alternative macroeconomic assumptions
4.5 The fiscal rules and the Budget judgement
5.2 The outlook for the scale of debt issuance
5.3 How should government finance its cash needs?
5.4 The demand for fixed income assets: pension funds and life insurance companies
5.5 The supply/demand imbalance
5.6 Scope for government action
6.2 The tax burden in historical context
6.3 Government revenues and policy decisions
6.4 Government revenues and general elections
7.2 Tax and benefit reforms since 1997
7.3 How do we allocate tax/benefit payments to households?
7.4 Distributional analysis of fiscal reforms since 1997
8.2 Corporation tax under pressure
8.3 Small business taxation
9.2 Why intervene in the childcare market?
9.3 The childcare tax credit
9.4 Expansion of free nursery provision
Appendix A: Forecasting public finances
Appendix B: Budgets since 1979
Appendix C: Headline tax and benefit rates and thresholds
Appendix D: Tax revenues ready reckoner
© The Institute for Fiscal Studies, January 2005