IFS Green Budget 2023 | Institute for Fiscal Studies (2024)

Table of Contents
Event - 17 October 2023 from 13:00 to 14:30 Presentations Main report and analysis Debt can be redefined but it won’t disappear. Hard decisions are needed Global economic outlook: how hard will we land? Green Budget 2023 UK Outlook: Fallout Policy risks to the fiscal outlook Outlook for the public finances Investment in training and skills Public sector net worth as a fiscal target Full expensing and the corporation tax base This will be the biggest tax-raising parliament on record Chancellors’ responses to economic news Reforming inheritance tax Implications of the NHS workforce plan Podcast and explainer The economic picture facing the Chancellor Now is not the time for tax cuts Events Green Budget 2023 Reforming training and skills policy IFS/OBR event: Fiscal risks and sustainability Reforming inheritance tax More from IFS Spring Budget 2024: What you need to know The way Chancellors respond to economic news adds to our debt - here's why The NHS waiting list: when will it come down? Oil and gas make Scotland’s underlying public finances particularly volatile and uncertain Recent trends in public sector pay Gap between higher- and lower-paid public sector workers falls by more than a third since 2007 as doctors and experienced teachers have faced unprecedented pay cuts 6th World Bank/IFS/ODI Public Finance Conference | Driving Progress: Public Finance and Structural Transformation Longer-term impacts of the COVID-19 pandemic on the dietary purchasing choices of British households House price rises and borrowing to invest
IFS Green Budget 2023 | Institute for Fiscal Studies (1)

Collection

Published on 17 October 2023

All the analysis from our IFS Green Budget 2023, funded by the Nuffield Foundation and in partnership with Citi.

  • Government finances and spending
  • Health and social care
  • Savings, pensions and wealth
  • Taxes and benefits
  • IFS Green Budget 2023

Event - 17 October 2023 from 13:00 to 14:30

We recommend watching the event onSlido by clicking here, where you can also ask questions to the panel.Click hereto read Citi's disclosures.

Presentations

Ben Nabarro presentation - Economic Outlook: Fallout

PDF | 542.45 KB

Isabel Stockton presentation - Outlook For The Public Finances

PDF | 211.18 KB

Main report and analysis

IFS Green Budget 2023 | Institute for Fiscal Studies (2)

Debt can be redefined but it won’t disappear. Hard decisions are needed

comment

"The bind is a real one. Both we and our political leaders need to face up to it." Paul Johnson writes for The Times.

23 October 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (3)

Global economic outlook: how hard will we land?

report

The fight against inflation continues to dominate the global economic policy agenda.

17 October 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (4)

Green Budget 2023

report

The Chancellor is in a fiscal bind as low growth and high debt interest payments limit any room for manoeuvre in the forthcoming Autumn Statement.

17 October 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (5)

UK Outlook: Fallout

report

The UK economy remains stuck between weak growth on the one hand and the risk of persistently high inflation on the other.

17 October 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (7)

Outlook for the public finances

report

In the current environment of high inflation and rising interest rates, tax cuts at the upcoming Budget would be extremely difficult to justify.

17 October 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (8)

Investment in training and skills

report

The UK has seen a significant decline in investment in adult education and training. This chapter analyses how the skills system should be reformed.

12 October 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (9)

Public sector net worth as a fiscal target

report

We consider the case for and against a fiscal target for public sector net worth.

7 October 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (10)

Full expensing and the corporation tax base

report

This report discusses the temporary full-expensing policy and whether it should be made a permanent part of the corporate tax base.

6 October 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (11)

This will be the biggest tax-raising parliament on record

comment

This has been the biggest tax-raising parliament since records began, pushing UK tax revenues to historically high levels.

29 September 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (12)

Chancellors’ responses to economic news

report

Chancellors don’t respond symmetrically to good and bad economic news. This represents a risk to the accuracy of official borrowing forecasts.

28 September 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (13)

Reforming inheritance tax

report

We set out issues with the inheritance tax system and examine options for reform and the distributional impacts of reforming or abolishing the tax.

27 September 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (14)

Implications of the NHS workforce plan

report

The NHS workforce plan aims for a large expansion in health service staffing. We examine the potential implications for NHS funding.

30 August 2023

Podcast and explainer

IFS Green Budget 2023 | Institute for Fiscal Studies (15)

The economic picture facing the Chancellor

podcast

We look at the underlying economic situation facing the Chancellor following the publication of our IFS Green Budget 2023 report.

18 October 2023

IFS Green Budget 2023 | Institute for Fiscal Studies (16)

Now is not the time for tax cuts

explainer

In the current environment of high inflation and rising interest rates, tax cuts at the upcoming Budget would be extremely difficult to justify.

18 October 2023

Events

IFS Green Budget 2023 | Institute for Fiscal Studies (17)

Green Budget 2023

event 17 October 2023 at 13:00

The IFS Green Budget will assess the state of the UK economy and the government's fiscal position as attention turns towards next year's election.

IFS Green Budget 2023 | Institute for Fiscal Studies (18)

Reforming training and skills policy

event 12 October 2023 at 10:00

In this online event we presented the findings of a new report focused on England's approach to investment in training and skills.

IFS Green Budget 2023 | Institute for Fiscal Studies (19)

IFS/OBR event: Fiscal risks and sustainability

event 28 September 2023 at 14:00

This online event, jointly organised by the OBR and IFS, focused on two particular fiscal risks facing the UK.

IFS Green Budget 2023 | Institute for Fiscal Studies (20)

Reforming inheritance tax

event 27 September 2023 at 14:00

At this online event we examined options for, and distributional effects of, the reform of inheritance tax.

Collection details

Publisher
Institute for Fiscal Studies

Grant

Green Budget 2022-2025

More from IFS

Understand this issue

IFS Green Budget 2023 | Institute for Fiscal Studies (21)

Spring Budget 2024: What you need to know

podcast

IFS reaction to the Chancellor's Spring Budget.

7 March 2024

IFS Green Budget 2023 | Institute for Fiscal Studies (22)

The way Chancellors respond to economic news adds to our debt - here's why

explainer

Chancellors don’t respond symmetrically to good and bad economic news. The result is higher debt.

1 March 2024

IFS Green Budget 2023 | Institute for Fiscal Studies (23)

The NHS waiting list: when will it come down?

podcast

We discuss all things waiting list - What is it? How big is it? Is there a credible plan to get it back down?

29 February 2024

Policy analysis

IFS Green Budget 2023 | Institute for Fiscal Studies (24)

Oil and gas make Scotland’s underlying public finances particularly volatile and uncertain

comment

A fallback in oil and gas prices has hit Scotland’s underlying public finance position this year.

27 March 2024

IFS Green Budget 2023 | Institute for Fiscal Studies (25)

Recent trends in public sector pay

report

How has public sector pay changed in recent years? Which type of workers have done better and which have done worse?

26 March 2024

IFS Green Budget 2023 | Institute for Fiscal Studies (26)

Gap between higher- and lower-paid public sector workers falls by more than a third since 2007 as doctors and experienced teachers have faced unprecedented pay cuts

press release

How has public sector pay changed in recent years? Which type of workers have done better and which have done worse?

26 March 2024

Academic research

IFS Green Budget 2023 | Institute for Fiscal Studies (27)

6th World Bank/IFS/ODI Public Finance Conference | Driving Progress: Public Finance and Structural Transformation

conference 26 September 2024

We invite researchers from both academic and policy institutions to submit a paper or an extended abstract of two or more pages by April.

IFS Green Budget 2023 | Institute for Fiscal Studies (28)

Longer-term impacts of the COVID-19 pandemic on the dietary purchasing choices of British households

report

Takeaways and meal delivery grew by more than 50% during the pandemic – and have stayed high thereafter.

4 April 2024

IFS Green Budget 2023 | Institute for Fiscal Studies (29)

House price rises and borrowing to invest

working paper

We propose a borrow-to-invest motive by which house price gains affect household spending on residential investment.

27 March 2024

IFS Green Budget 2023 | Institute for Fiscal Studies (2024)
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