As Chancellor George Osborne prepares for his keynote statement on fiscal policy and the economy the IFS Green Budget assesses some of the issues he will have to deal with.
Event
17 December 2012 at 09:15<p>7 Ridgmount Street<br />London<br />WC1E 7AE</p>
The Institute for Fiscal Studies is holding a day of talks on issues in public economics of interest to undergraduates in economics and related disciplines.
This report forms part of research to establish a long-term expertise in the use of competition and market mechanisms in health care – both in the NHS in England and internationally.
A top priority for any government is putting in place policies which foster economic growth. Given current circumstances it is perhaps not surprising that the focus is on how to promote growth in the short term.
The OBR's second fiscal sustainability report, published today, reminds us of the significant challenges which we face as a result of the spending pressures created by population ageing and a likely loss of tax revenues from motoring and north sea oil and gas companies. We need to respond to this analysis by planning now for the changes to spending and taxes that will be required.
Official figures published today show, for the first time, estimated spending outturns by Whitehall departments for 2011-12. Despite most seeing their budgets cut between 2010-11 and 2011-12, Whitehall departments have underspent their allocations by an estimated £5.3 billion. In this observation we set out which departments did not spend their allocations.
The NHS is experiencing its tightest financial period for more than 50 years: researchers from the Institute for Fiscal Studies look at the options available.
This report, funded by the Nuffield Trust, examines what can be expected once the current unprecedented period of broadly flat NHS funding in real terms ends in 2014-15.
