IFS Press Releases

Still not half way there yet on planned spending cuts

Date: 05 February 2014
Authors: Carl Emmerson , Paul Johnson and Helen Miller

The IFS Green Budget, funded by the Nuffield Foundation and produced in collaboration with Oxford Economics, is published today.

The Chancellor’s decision to extend the fiscal consolidation through to 2018–19 means even more dramatic spending cuts are now planned, despite the better headline economic news. By the end of this financial year only 40% of planned spending cuts will be in place.