Downloads
bn87.pdf
PDF | 1.46 MB
The economic and financial crisis that has unfolded over the last two years has caused a dramatic deterioration in the UK's public finances, with public sector borrowing set to peak this year at a level not seen since the Second World War and public sector indebtedness set to climb to levels not seen since the late 1960s.
With the next general election less than a year away, the Government and the main opposition parties alike will be under pressure to offer more detailed proposals to repair the public finances. This note discusses some of the key questions all the parties will have to grapple with.
Authors
Deputy Director
Carl, a Deputy Director, is an editor of the IFS Green Budget, is expert on the UK pension system and sits on the Social Security Advisory Committee.
Robert Chote
Gemma Tetlow
Rowena Crawford
Report details
- DOI
- 10.1920/bn.ifs.2009.0087
- Publisher
- IFS
Suggested citation
Chote, R et al. (2009). Britain's fiscal squeeze: the choices ahead. London: IFS. Available at: https://ifs.org.uk/publications/britains-fiscal-squeeze-choices-ahead (accessed: 27 April 2024).
More from IFS
Understand this issue
Should we worry about government debt?
11 April 2024
Public investment: what you need to know
25 April 2024
The £600 billion problem awaiting the next government
25 April 2024
Policy analysis
Recent trends in and the outlook for health-related benefits
19 April 2024
4.2 million working-age people now claiming health-related benefits, could rise by 30% by the end of the decade
19 April 2024
Oil and gas make Scotland’s underlying public finances particularly volatile and uncertain
27 March 2024
Academic research
Do work search requirements work? Evidence from a UK reform targeting single parents
1 February 2023
The impact of area level mental health interventions on outcomes for secondary school pupils: Evidence from the HeadStart programme in England
13 October 2022
Prioritization, risk selection, and illness severity in a mixed health care system
16 June 2022