Whoever forms the next Government should put in place a fiscal tightening more ambitious over the next Parliament than that set out in the PBR, but without putting the recovery at undue risk with significant extra tax increases or public spending cuts in the coming year.

As the Government and Opposition alike ponder how best to repair Britain's battered public finances, the Green Budget looks at some of the salient economic issues.

Some initial reactions to the 2009 Pre-Budget Report from Mike Brewer, Robert Chote and Carl Emmerson.

This paper assesses the key conceptual and practical challenges dynamic scoring poses and considers the pros and cons of adopting it.

The Institute for Fiscal Studies is pleased to announce that its 2010 Green Budget will be produced for the first time in collaboration with Barclays Capital and Barclays Wealth. It will be launched at the British Museum on 3rd February 2010.

Presented to the ESRC and HMRC.

Presented to the OECD.

Alistair Darling admitted yesterday that the underlying health of the public finances is much weaker than he thought in last year's Pre-Budget Report, and that it will take two full parliaments of intensifying austerity to get government borrowing back to acceptable levels.

Gemma Tetlow delivers her verdict on the key claims in the chancellor's 2009 Budget speech.

This leaves the chancellor two tough choices, argue Carl Emmerson and Gemma Tetlow - tax rises or severe spending cuts.