Election Briefing Notes (BN99)

Filling the hole: how do the three main UK parties plan to repair the public finances?

Date: 27 April 2010
Authors:
Publisher: Institute for Fiscal Studies
DOI: 10.1920/bn.ifs.2010.0099

The financial crisis and the recession have prompted a huge increase in government borrowing over the last two years, as the gap between what the public sector spends and raises from taxes has widened to an extent not seen since the Second World War. This Briefing Note examines what the parties have said (explicitly and implicitly) about the scale, timing and composition of the fiscal repair job ahead, teasing out the differences and similarities.