The IFS Green Budget: October 2018

Document type
Report
Author(s)
Emmerson, Carl; Farquharson, Christine; Johnson, Paul
Publisher
Institute for Fiscal Studies
Date of publication
16 October 2018
Subject(s)
Social Policy, Poverty Alleviation Welfare Benefits and Financial Inclusion, Children and Young People
Collection
Social welfare
Material type
Reports

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At the core of this year’s Green Budget is an analysis of the difficult challenges facing the Chancellor Phillip Hammond. A decade on from the financial crisis, economic growth remains weak, and the uncertainty surrounding the UK’s decision to leave the European Union continues to weigh heavily. At the same time, Prime Minister Theresa May has committed her government to ‘ending austerity’. This report analyses the pressures on public services, as well as the options and risks for financing new spending through borrowing, tax rises or both.

 

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