The public sector pay settlements announced this July will pose severe budgetary challenges for many areas of government.

We show the impact of freezes and gradual roll-outs on personal taxes and benefits, as well as considering planned changes to the tax system.

"The Chancellor still has a lot of work to do if he is to display a credible commitment to fiscal sustainability."

The IFS Green Budget 2022 will take stock of the economic and fiscal outlook following Kwasi Kwarteng’s mini-Budget and analyse the challenges ahead.

The Chancellor announced the biggest package of tax cuts in 50 years without even a semblance of an effort to make the public finance numbers add up.

In the absence of official scrutiny from the OBR, we set out how much red ink might be added to the fiscal forecasts.

Policy analysis from our IFS Green Budget 2022, funded by the Nuffield Foundation and in partnership with Citi.

This report sets out an illustrative scenario for how the current path of inflation and growth might affect government revenues and spending.

The two candidates for Prime Minister need to recognise the even greater than usual uncertainty in the public finances.

We look at the impact of inflation and the government's proposals to tackle it.

Higher inflation squeezes public service budgets and makes government spending plans less generous than originally intended. How much less generous?