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Green Budget 2002

The Green Budget 2002 was edited by Andrew Dilnot, Carl Emmerson and Helen Simpson, and copy-edited by Judith Payne.

It was produced with support from the Nuffield Foundation and the ESRC-funded Centre for Fiscal Policy at IFS.

You can download the whole document [2140 KB] here. Individual chapters can be downloaded below, also as acrobat files.

*Chapter 1: SUMMARY
 
*Chapter 2: AN AUDIT OF THE PUBLIC FINANCES
2.1 Borrowing and the Chancellor's fiscal rules
2.2 Issues in planning public spending
2.3 Borrowing in 2001-02
2.4 Borrowing in 2002-03
2.5 Medium-term prospects
2.6 The Budget judgement
 
*Chapter 3: IMPROVING PUBLIC SERVICES?
3.1 Issues for Spending Review 2002
3.2 Private involvement in public services
3.3 Conclusion
 
*Chapter 4: OPTIONS FOR INCREASING TAX
4.1 The range of possible tax rises
4.2 VAT
4.3 Income tax
4.4 National Insurance
4.5 Conclusion
 
*Chapter 5: PERSONAL TAX REFORMS
The Child Tax Credit and the Working Tax Credit
5.1 What are these credits? Why are they being introduced?
5.2 Issues for Budget 2002 (I): What will the credits cost and who will gain?
5.3 Issues for Budget 2002 (II): How will the credits work in practice?
5.4 Will the Inland Revenue manage to increase take-up of the new tax credits?
5.5 Tax credits and the public finances
 
*Chapter 6: TAX POLICY AND COMPANIES
6.1 The R&D tax credit for larger firms
6.2A training tax credit?
6.3 Capital gains tax
6.4 Large business taxation
 
*Chapter 7: ASSET-BASED WELFARE POLICY
7.1 The Saving Gateway
7.2 The Child Trust Fund
7.3 Conclusion
 
*Chapter 8: MEASURING PUBLIC SERVICE EFFICIENCY
8.1 Efficiency measurement in the public sector
8.2 The economic arguments for and against a graduate tax
8.3 Graduates in the earnings distribution
8.4 The design of a graduate tax
8.5 The distributional impact of introducing a graduate tax
8.6 Conclusion
 
*APPENDICES
Appendix A: Forecasting public finances
Appendix B: Budgets since 1979
Appendix C: Government tax policy initiatives
Appendix D: Headline tax and benefit rates and thresholds
Appendix E: Tax revenues ready reckoner
 

The Institute for Fiscal Studies, January 2002
ISBN 1-903274-24-9

 

Presentations

Presentations from the Green Budget conference are available from the IFS press office. Please contact Emma Hyman for this or other questions about the Green Budget.

 
 
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