Brexit

Presentation given at the IPFIN 2016 conference - which brings together researchers from the Welsh and Northern Irish Assemblies and the Scottish and

Presentation given to the Welsh Assembly Finance Committee discussing the background to good tax design, tax devolution, and the need for a new fiscal framework (including adjustments to block grant funding) to accompany tax devolution.

This article was first published in Prospect Magazine and is published here with permission.

IFS Director Paul Johnson wries in The Times.

IFS Director Paul Johnson writes in The Times.

IFS Director Paul Johnson writes in The Times.

IFS Director Paul Johnson writes in The Times.

The possible economic consequences of leaving the EU have naturally been a central focus of the referendum campaign. As June 23 draws near we bring together the conclusions from our research on the likely consequences, and reflect on some of the claims made.

IFS Director Paul Johnson writes in The Times.

While few can predict how Britain would fare long-term, if we go it alone the immediate impact could be seismic

IFS Director Paul Johnson writes in The Times.

In a new report out today IFS researchers provide an explanation of how the EU budget works, its size, where revenues come from and what the main areas of spending are. They also provide an estimate of the UK’s net contributions to the EU. The overall net contribution will be a little over £8 billion a year going forward, though it fluctuates from year to year and was £7.5 billion in 2012, £9.1 billion in 2013 and £5.7 billion in 2014.

The onset of the global financial crisis was quickly followed by a substantial increase in government borrowing in many European countries. To offset this, packages of tax rises and spending cuts were implemented in many countries. The approaches taken have shown similarities but also important differences – in terms of the reliance on tax rises versus spending cuts, which areas were cut, and the types of households affected. A new special edition of the journal Fiscal Studies, launched today at an event in Brussels, looks at the impact of the Great Recession on the public finances and the fiscal policy reforms implemented in France, Germany, Ireland, Italy, Spain and the United Kingdom.