When a government plans to pass a law, it often publishes a green paper. This is an opportunity to share its thinking and provoke discussion.
The Budget, or Finance Bill, is a law Parliament passes to renew taxes, propose new taxes, and maintain the administration of the tax system. The Chancellor writes the Budget in secret. There’s no green paper. This means important decisions about taxes, spending and public policy are made without consultation.
Watch IFS experts and colleagues from Citi and ICAEW present the findings of the IFS Green Budget 2018.
What’s the Chancellor talking about? Our Associate Director Carl Emmerson explains.