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Public spending and finance
IFS researchers conduct ongoing analysis of the outturns of and outlook for the public finances. Our work in this area looks at forecasts of government revenues and spending (overall and on specific areas) and aims to inform public debate, particularly around the time of Budgets, Autumn Statements, Spending Reviews and Elections. Over many years we have kept track of the evolution of the public finances and how different governments have fared. A number of IFS publications have assessed the fiscal performance of past administrations.

The financial crisis and the economic damage associated with it opened up a structural hole in the public finances that, if left unaddressed, would be impervious to the economic recovery and would put public sector debt on an unsustainable path. The coalition Government faces a significant challenge to restore the public finances to better health. A comprehensive description of how the public finances evolved through the Great Recession can be found in Disease and cure in the UK: the fiscal impact of the crisis and the policy response.

Overview of research on public spending and finance.

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Year: 499 publications
11 November 2004
Carl Emmerson and Christine Frayne
To contribute to the government's thinking in the run-up to the Budget the IFS today publishes new research assessing the operation of the Government's Code for Fiscal Stability since its introduction in 1998.
11 November 2004
W04/29
Carl Emmerson, Christine Frayne and Sarah Love
This papers lays out how improvements could be made to the government's fiscal code in the light of recent experiences.
07 November 2004
Robert Chote
They'd been over-optimistic about the public finances for three Budgets running, but Treasury officials were quietly confident in March that this time they would be right.
01 November 2004
Sarah Love
‘Fiscal policy’ is the term used to describe all of the government’s decisions regarding taxation and spending.
20 October 2004
Robert Chote, Carl Emmerson and Christine Frayne
01 October 2004
Robert Chote
This weekend representatives of the International Monetary Fund's 184 member countries gather in Washington for its annual meeting.
20 September 2004
Robert Chote, Carl Emmerson and Christine Frayne
08 September 2004
The Conservative party today announced new plans for funding Higher Education (HE). The plan is to abolish all university tuition fees, and to make up for the lost fee income by removing subsidies on student loans, instead allowing banks to charge graduates a market rate of interest.
01 September 2004
Many readers are no doubt currently deciding whether or not to attend higher education.
19 August 2004
Robert Chote, Carl Emmerson and Christine Frayne
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Current research
Started: 31 January 2012
Started: 28 September 2010
Started: 15 March 2010
Started: 29 January 2010
Impact on Society
IFS researchers helped make a case against proposed cuts to public spending on science.
IFS arguments for independent official fiscal forecasts contributed to the government’s decision to set up an Office for Budget Responsibility.
Past research into pension reform has contributed to evidence given to government on public service pensions.
Research told policymakers that, despite greater expenditure on health care, Americans are less healthy than their English counterparts.
IFS researchers have evaluated whether the temporary VAT cut was able to boost the economy effectively.
We analysed the impact of the 2006 HE funding reforms and informed the surrounding debate.
We provided evidence to the Browne Review of higher education funding about the impact of a number of higher education finance reforms.
IFS researchers assessed the government’s fiscal rules and advised policymakers as to how they could be made more credible.
IFS recommendations for presenting fiscal forecasts are being taken up by the new Office for Budget Responsibility.
Public spending analysis stokes public debate and prompts increased transparency over government’s plans for spending cuts.
An IFS economist advised a “Citizens Jury” on the welfare system, including basic facts and important issues about its purpose and structure.
IFS researchers have investigated whether it is possible to measure the distributional impact of changes to spending on public services.