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This working paper describes how the IFS’s model of the UK’s long-run public finances (and those of its constituent nations) is constructed. Our model projects tax revenues, public spending and hence public borrowing and debt up to 2062–63. This is done for the UK as a whole and also separately for Scotland and the rest of the UK. The type of model we have built seeks to answer questions of the type ‘is current fiscal policy sustainable without additional taxes needing to be raised or cuts to public spending imposed either now or in the future?’.
Authors
Gemma Tetlow
Rowena Crawford
Michael is a PhD student at University College London. His research interests are education, inequality and labour market geography. He is currently working on labour mobility and housing.
Working Paper details
- DOI
- 10.1920/wp.ifs.2013.1329
- Publisher
- Institute for Fiscal Studies
Suggested citation
M, Amior and R, Crawford and G, Tetlow. (2013). The UK's public finances in the long run: the IFS model. London: Institute for Fiscal Studies. Available at: https://ifs.org.uk/publications/uks-public-finances-long-run-ifs-model (accessed: 23 April 2024).
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