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IFS Briefing Notes
April 2010 BN99
Article
Filling the hole: how do the three main UK parties plan to repair the public finances?
Type: IFS Briefing Notes
Authors: Robert Chote, Rowena Crawford, Carl Emmerson and Gemma Tetlow

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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.

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Impact on Society
Public spending analysis stokes public debate and prompts increased transparency over government’s plans for spending cuts.