Facts and figures about UK taxes, benefits and public spending.
Income distribution, poverty and inequality.
Slides, video clips and interactive tools.
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.
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.
The March Budget forecast that borrowing would fall by £0.1 billion from £121.0 billion in 2011–12 to £120.9 billion in 2012–13. On Tuesday, the Office for National Statistics is due to release its first estimate of public sector net borrowing in March 2013 and, therefore, for the whole of 2012–13. Borrowing could easily end up being higher or lower than it was in the previous year, either due to backwards revisions, the uncertainty inherent in forecasting borrowing even a month in advance, or both. However, whether borrowing is slightly up or down in cash terms is economically irrelevant. Either way, the bigger picture is that having fallen by roughly a quarter between 2009–10 and 2011–12, borrowing is forecast to be broadly constant through to 2013–14.
Chapter from the Green Budget 2013
Chapter published in the Green Budget 2013
Browse publications & research
Started: 11 November 2013
Estimating human capital of graduates: the influence of institution, gender, year of entry into higher education and subject
Started: 09 October 2013
The costs and benefits of different initial teacher training routes: the recruitment, training and retention of trainee teachers in England
Started: 01 May 2013
Started: 19 November 2012
Started: 01 October 2012
An IFS economist advised a “Citizens Jury” on the welfare system, including basic facts and important issues about its purpose and structure.
Past research into pension reform has contributed to evidence given to government on public service pensions.
Public spending analysis stokes public debate and prompts increased transparency over government’s plans for spending cuts.
IFS researchers have evaluated whether the temporary VAT cut was able to boost the economy effectively.
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.
IFS recommendations for presenting fiscal forecasts are being taken up by the new Office for Budget Responsibility.
Research told policymakers that, despite greater expenditure on health care, Americans are less healthy than their English counterparts.
IFS researchers assessed the government’s fiscal rules and advised policymakers as to how they could be made more credible.
We provided evidence to the Browne Review of higher education funding about the impact of a number of higher education finance reforms.
IFS researchers draw together lessons from behavioural economics for tax and benefit policy in a report aimed at policymakers.
We analysed the impact of the 2006 HE funding reforms and informed the surrounding debate.
IFS researchers have investigated whether it is possible to measure the distributional impact of changes to spending on public services.