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Budget 2012

Briefing and analysis

Chancellor George Osborne delivered his 2012 Budget on Wednesday 21 March. On Thursday 22 March the Institute for Fiscal Studies held a lunchtime briefing at The Venue, University of London Union. The presentation provided an opportunity to hear a considered view of the Chancellor's announcements from Institute staff.

These are the presentations from the event:

Green Budget 2012 analysis and presentation slides

The IFS Green Budget 2012 was produced in collaboration with Oxford Economics and supported by the ESRC - focused on the policy challenges confronting the Chancellor of the Exchequer in advance of the 2012 Budget. IFS researchers examine the outlook for the public finances, assess a number of the key issues relating to the planned public spending cuts and discuss possible decisions on taxation. Oxford Economics analysts look at the outlook for the global and UK macro-economy. You can download the full document, slides and videoed presentations from the IFS Green Budget page.

Public finances

  • The IFS produces a monthly bulletin analysing recent developments in the government's public finance figures.
  • In The challenge of a generation, an article written for Prospect Magazine, Paul Johnson argues that genuinely big decisions need to be taken about how much revenue we raise, how much we spend and how we allocate it.
  • Should public sector pay awards vary locally?, Carl Emmerson and Wenchao Jin examine such a policy in a presentation delivered at 11 Downing Street.
  • In a presentation at LSE and subsequently the BBC, Carl Emmerson explores the options available to the Chancellor in his 2012 Budget.

Welfare benefits and living standards


  • In an IFS observation, James Browne examines the proposed £10,000 personal allowance and asks who would it benefit and whether it would boost the economy.
  • In the IFS Green Budget 2012, IFS researchers examine what is known and what will be known about the 50p income tax rate.
  • In Tax by Design, the Mirrlees Review editorial team present a picture of coherent tax reform. Its aim is to identify the characteristics of a good tax system, to assess the extent to which the UK tax system conforms to these ideals, and to recommend how it might realistically be reformed in that direction.

Fiscal facts

Election 2010

  • Our analysis for the election looked at Labour's record and at the parties' proposals. The work was funded by the Nuffield Foundation.
  • Official documentation
  • The Treasury's home page links to previous and current Budget documentation. The new Office for Budget Responsibility's publications and economic and fiscal forecasts can be found here.