The Institute for Fiscal Studies and the Institute for Government held a briefing on the tax and spending challenges facing government over the coming Parliament and the options open to the new Government.
The purported 'Brexit election' was in fact dominated by differences between the parties on public spending. Debates about social care, policing, tuition fees and pensioner benefits played vital roles in the campaign. Compared to recent elections however, the outlook for government borrowing and debt received much less focus.
This briefing covered the state of the UK public finances; the potential to raise spending, taxes or borrowing; how to approach the pressures in public services and on benefits; and the process leading up to the Autumn Budget and, indeed, a potential Spending Review.
The speakers were:
- Carl Emmerson, Deputy Director, Institute for Fiscal Studies
- Julian McCrae, Deputy Director, Institute for Government
This event was chaired by Jill Rutter, Programme Director, Institute for Government.