Download the slides used in today's presentations here:
- Welfare and the National Living Wage by Tom Waters
- Spending on Public Services: cuts to come? by Ben Zaranko
- Public finances: tax rises ahead by Carl Emmerson
This year's Spending Review will not be the comprehensive, multi-year review we were originally promised, but will still contain a raft of important announcements. The Chancellor has big decisions to make - on funding for public services, the role of government investment in the economic recovery, the future of targets on defence and aid spending, and much else besides. The Office for Budget Responsibility will also publish a new set of forecasts for the economy and public finances, which will set the scene for economic and fiscal policy for the rest of this Parliament.
IFS researchers presented their initial analysis of the Chancellor's announcements at an online briefing the following day, Thursday 26 November.