The Green Budget 2006 was edited by Robert Chote, Carl Emmerson, Rupert Harrison and David Miles, 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 The government's fiscal rules
2.3 The evolution of the public finances since 1997
2.4 Meeting the fiscal rules
2.5 Reforming the fiscal framework
3.2 Recent developments
3.3 Medium-term risks
3.4 Short-term risks
3.5 The cycle, trend growth and spare capacity
3.6 Morgan Stanley forecasts
4.2 Trends in public spending since 1997
4.3 Scenarios for the 2007 CSR
4.4 Longer-term pressures on spending
5.2 Short-term projections
5.3 Medium-term prospects
5.4 Alternative macroeconomic assumptions
5.5 The fiscal rules and the Budget judgement
6.2 How does gilt issuance affect yields?
6.3 The sustainability of low interest rates
6.4 How should the government fund its borrowing?
6.5 The DMO's current strategy'
6.6 Buying back company pension liabilities
7.2 How do tax credits work?
7.3 What went wrong and what has been done?
7.4 Have the new tax credits met their goals?
8.2 R&D tax credits
8.3 The National Employer Training Programme
8.4 Planning regulation and economic performance
9.2 International pressures and the European Court of Justice
9.3 North Sea taxation
9.4 The starting rate of corporation tax: an obituary
10.2 What is acceptable tax avoidance?
10.3 Underlying issues
10.4 Tax Avoidance Disclosure
10.5 'Tax in the Boardroom'
Appendix A: Forecasting public finances
Appendix B: Headline tax and benefit rates and thresholds
© The Institute for Fiscal Studies, January 2006