Briefing and analysis
The Chancellor delivered his Budget statement at 12.30 pm on Wednesday 12th March 2008. Immediate analaysis from IFS is available in this press release.
Presentations can be downloaded here:
Green Budget 2008
The IFS Green Budget 2008 assesses key questions that the Chancellor has to confront in drawing up his 2008 Budget statement. The areas covered are fiscal policy, public spending and the public finances; public sector pay and pensions; capital gains tax and small company taxation; taxation of foreign profits and tax simplification and aviation taxation. Published in collaboration with Morgan Stanley, the Green Budget also discusses the outlook for economic growth, debt management and the credit market. These topics and others were covered in our general election analysis in 2005; we examined Labour's record since 1997 and the proposals in the three largest parties' manifestos.
Poverty and inequality
Income Tax and National Insurance reform
A survey of UK local government finance (Briefing Note 74, July 2007) provides an overview of the current system of local government finance in the UK.
Our briefing notes, A survey of the UK tax system (Briefing Note 9, updated January 2007) and A survey of the UK benefit system (Briefing Note 13, updated December 2007) now include changes implemented after the 2007 Budget. Briefing notes include A survey of public spending in the UK (Briefing Note 43, updated September 2004), which provides an overview of public spending in the UK describing components of public spending and examining trends in expenditure.
Another briefing note, The government's fiscal rules (Briefing Note 16, updated November 2006), describes the government's two fiscal rules and discusses the uncertainty inherent in forecasting the public finances.
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