 Facts and figures about UK taxes, benefits and public spending.
Analysing government fiscal forecasts and tax and spending.
Find out where you are in the income distribution.
ESRC Centre for the Microeconomic Analysis of Public Policy.
Reforming the tax system for the 21st century.
A peer-reviewed quarterly journal publishing articles by academics and practitioners.
Resources for schools and students.
|
Type: IFS Briefing Notes Authors: Carl Emmerson, Christine Frayne and Sarah Love
The government announced in June 1998 that, under the guidelines of its ‘Code for Fiscal Stability’, it would keep to two fiscal rules. These are designed to ‘help to achieve the central economic objective of high and stable levels of growth and employment’. This short paper starts by describing the two fiscal rules and then looks at the latest set of HM Treasury forecasts, which suggest that these rules will indeed be met. We then go on to discuss the level of uncertainty that is implicit in any public finance forecasts and the importance of remembering that, if the rules are to continue to be met, a degree of caution should be maintained. Search |
IFS publications are made available free of charge online wherever possible. If you would like to make a donation to IFS to help support our research, you can donate via Just Giving.
|
|
|
 The IFS hosts an ESRC research centre. |
||||||
|
© The Institute for Fiscal Studies
Limited by Guarantee,Registered in England: 954616 7 Ridgmount Street London WC1E 7AE Registered Charity: 258815 VAT no: GB 394 5830 17 |
||||||