Facts and figures about UK taxes, benefits and public spending.
Income distribution, poverty and inequality.
Analysing government fiscal forecasts and tax and spending.
Analysis of the fiscal choices an independent Scotland would face.
Case studies that give a flavour of the areas where IFS research has an impact on society.
Reforming the tax system for the 21st century.
A peer-reviewed quarterly journal publishing articles by academics and practitioners.
Type: IFS Briefing Notes
Press release: Independent Scotland would face long term fiscal challenges
In making a decision over whether to seek independence from the rest of the UK, one of the many issues that the Scottish people will need to consider is the fiscal consequences. The question is not whether an independent Scotland could survive from a fiscal point of view but rather whether, in the short term and in the longer run, the current pattern of taxes and spending is sustainable and hence what choices an independent Scotland might have to make. Would an independent Scotland require higher taxes to finance current levels of spending (or, equivalently, would it need to reduce spending in order not to raise taxes)? Or would the Scots enjoy a fiscal dividend in the form of lower taxes or higher spending?
This is the first output of a new project at IFS, funded by the Economic and Social Research Council (ESRC), looking at some of the fiscal choices that might face Scotland should it choose independence following the 2014 referendum.
This work will be presented at a David Hume Institute seminar in Edinburgh on Monday 19 November.
View all IFS Briefing Notes in the series
Recent IFS Briefing Notes
Gluttony in England? Long-term change in diet
There has been a marked increase in body weight across much of the developed world. This has taken place, even though data suggest that there has not been an increase in calories consumed. This leads to a puzzle. If calories are declining, why are people gaining weight?
Food expenditure and nutritional quality over the Great Recession
In this briefing note, we document how the food purchases of households in the UK have changed over the recent period of recession and food price rises.
Taxing an Independent Scotland
This Briefing Note looks at the way that tax revenue in Scotland is currently delivered and at the reform options that would be open to an independent Scotland.