Undertaking fiscal consolidation: A guide to action

This briefing note sets out some key information that the politicians and officials involved in tackling the UK's current fiscal situation need to know. It does not seek to offer detailed advice about which programmes or budgets to cut, or which taxes or charges to increase. Instead, it looks at how government should go about the process of fiscal consolidation. In doing this, it draws on a series of high-level seminars run by the Institute throughout 2009, discussions with senior policy makers in the UK and abroad and the rapidly expanding literature on how to manage fiscal consolidations.