Briefing and analysis
On Wednesday 20 October the Chancellor set out the government's spending plans for the years 2011-12 to 2014-15. IFS held a briefing to present our analysis of this report on the following day, Thursday 21 October. Presentations from the briefing can be found below.
Background to the Spending Review
- Two observations , Reforming welfare: less haste, more detail please and Child benefit withdrawal will mean some worse off after a pay rise examine the potential impact and design of changes to the welfare system
- Our Briefing NoteThe distributional effect of tax and benefit reforms to be introduced between June 2010 and April 2014: a revised assessment by James Browne and Peter Levell attempts to reflect the impact of all the benefit cuts announced in the Budget.
- Child poverty, tax and benefit policy and the labour market since 1998-99, was presented by Robert Joyce at an IFS briefing, 'Reducing child poverty, and improving children's life chances', on 7 September.
- The Department of Work and Pensions consultation paper '21st Century Welfare' set out ideas for fundamental reforms to the benefits system. Welfare reform paper sets out sensible ideas for simplification, but ducks difficult decisions an observation by Stuart Adam and James Browne, presents a number of options for integrating different existing benefits.
- Our observation How to keep warm in winter: winter fuel payments or cold weather payments? examines the relative merits of these payments in advance of the Spending Review.
- In A tale of 3 indices: further thoughts on benefit indexation IFS researchers question what measure of inflation should be used for up-rating benefits.
- Poverty and inequality in the UK: 2010 assessed the changes to average incomes, inequality and poverty that have occurred since 1979, with a particular focus on the changes that have occurred in the latest year of data (2008-09) and since 1996-97.
- In an IFS observation Public-service pensions: more reform needed we look at Lord Hutton's interim report on public service pensions and suggest key issues to consider when future reforms are recommended.
- IFS Working Paper Occupational pension value in the public and private sectors examines the average value of pension accrual in the public and private sectors and what impact an across-the-board increase in the normal pension age from 60 to 65 might have.
- The value of teachers' pensions in England and Wales, a Fiscal Studies journal article, examines in detail the value of pension provision to teachers in the public sector in England and Wales, comparing pension accrual under both the pre- and the post-2007 schemes.
- In What is a public sector pension worth?, published in The Economic Journal, we measure accruals in defined benefit (DB) pension plans for public and private sector workers in Britain, using typical differences in scheme rules and sector-specific lifetime age-wage profiles by sex and educational group.
Emergency Budget June 2010
Our analysis of the Emergency Budget examined the impact on public finances, public services, welfare, business and the distribution of wealth.
Our analysis for the election looked at Labour's record and at the parties' proposals. The work was funded by the Nuffield Foundation.
Green Budget 2010
The IFS Green Budget 2010 assessed key questions that then Chancellor Alistair Darling had to confront for the March 2010 Budget. The areas covered are fiscal policy, fiscal stimulus and the consumer, options for fiscal tightening: tax increases and benefit cuts, public spending and the public finances, public sector pay and pensions, support for research and innovation, potential cuts to public services and reforming the UK's fiscal institutions. Published in collaboration with Barclays Capital and Barclays Wealth, the Green Budget also discusses the UK's productive capacity, the economic outlook and the public finances and sterling.
The Treasury's Spending Review page links to previous and current Budget documentation.