<p>For most of teh 1980s the focus of attention at Budget time has been on tax reform and micro-economic changes. By contrast most of the interest in the 1990 Budget was in its overall fiscal stance and its possible effect on the macro-economy. This was a natural reflection of the current state of the economy both because of the importance of getting the fiscal stance right to avoid recession on the one hand and inflation on the other, and because of the consequent lack of room for manoeuvre in cutting or reforming taxes. Nevertheless it is important not to lose sight of the micro-economic measures that were announced. In this article we shall look at the impact of the changes to excise duties and income tax that were announced, as well as the move to independent taxation of husband and wife. </p>
Authors
Andrew Dilnot
Graham Stark
Paul Johnson
Director
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Journal article details
- ISSN
- Print: 0143-5671 Online: 1475-5890
- Issue
- May 1990
Suggested citation
A, Dilnot and P, Johnson and G, Stark. (1990). 'Savings, independent taxation and the 1990 Budget ' (1990)
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