Filling the hole: how do the three main UK parties plan to repair the public finances?

Filling the hole: how do the three main UK parties plan to repair the public finances?
Document type
Briefing
Author(s)
Chote, Robert; Crawford, Rowena; Emmerson, Carl
Publisher
Institute for Fiscal Studies
Date of publication
1 April 2010
Series
The Institute for Fiscal Studies 2020 Elections Briefing Notes. No. 12
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

This item is only available to registered users

Register now or Log in

Your use of this content is subject to the terms and conditions of this portal

This briefing note examines what the parties have said (explicitly and implicitly) about the scale, timing and composition of the fiscal repair job ahead, teasing out the differences and similarities. Section 2 begins by setting out the overall size of the fiscal tightening that each party is looking to achieve. Section 3 examines the timing of the deficit reduction. Section 4 looks at the composition of the cut in borrowing - in other words, which part of this cut in borrowing would come from spending cuts and which from tax increases - under each of the parties’ plans. Section 5 describes which tax increases each of the parties has already given firm details of and which have yet to be announced. Section 6 examines the parties’ published spending plans in detail; we set out the implications for cuts to spending on public services, including quantifying which parts of these cuts the parties have already ‘identified’ and which have yet to be found. Section 7 concludes.

Related to Trends: economic, social and technology trends affecting business

Follow the money: exploring the link between UK growth and workers' pay packets

Downloadable briefing note looking at the relationship between productivity and pay growth

From precarity to empowerment: women and the future of work

Downloadable paper on ensuring a fair future of work for women

Economic insecurity: the case for a 21st century safety net

Downloadable paper on how economic insecurity is experienced by workers

Trading up or trading off? understanding recent changes to England's apprenticeships system

Downloadable briefing note on recent changes to England's apprenticeships system

More items related to this subject