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Type: IFS Press Releases Authors: Robert Chote, Carl Emmerson, David Miles and Jonathan Shaw
Related report: The IFS Green Budget: January 2009
The Government - or its successor - will need fresh tax increases or spending cuts worth an extra £20 billion a year by the end of the next Parliament, if it is to expect to repair the public finances as planned in November's Pre-Budget Report, according to the 2009 IFS Green Budget. Even if it acts, public sector debt may well not return to pre-crisis levels for more than 20 years. Search |
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