The IFS Green Budget

The IFS Green Budget
Document type
Other
Corporate author(s)
The Institue of Fiscal Studies
Publisher
Institute for Fiscal Studies
Date of publication
23 January 2009
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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In this chapter the authors look at the evolution of the public finances under the current Labour government. They begin by looking at the state of the public finances when Labour took office in 1997 and at the objectives that the government set itself in light of that inheritance [section 2.2]. They then turn to the evolution of the public finances prior to the credit crunch and ask how well prepared this left the UK for the economic and fiscal shock we now confront [section 2.3]. After this, the authors look at the Treasury's assessment of the outlook over the next five years [section 2.4] and the uncertainty surrounding fiscal forecasts [section 2.5]. Section 2.6 concludes.

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