|Date:||17 February 2010|
|Authors:||Robert Chote , Carl Emmerson and Jonathan Shaw|
The Green Budget 2010 was edited by Robert Chote, Carl Emmerson and Jonathan Shaw, and copy-edited by Judith Payne.
It was produced in collaboration with Barclays Capital and Barclays Wealth and with additional funding from the ESRC-funded Centre for the Microeconomic Analysis of Public Policy at IFS.
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1.2 Financial crises and the level of potential GDP
1.3 How fast will potential GDP grow beyond the crisis?
2.2 Effect of the financial crisis and recession on the public finances
2.3 The fiscal policy response
2.4 Alternative timescales for the fiscal tightening
3.2 VAT changes
3.3 Car scrappage
4.2 Demand: why such a sharp contraction?
4.3 The growth-inflation trade-off: why so bad?
4.4 The outlook for demand
4.5 Forecast scenarios
5.2 The origins of currency crises
5.3 The risks of another sterling crisis
6.2 Short-term projections
6.3 Medium-term prospects
6.4 Alternative macroeconomic assumptions
6.5 The Budget judgement
7.2 Options for increasing tax revenue
7.3 Cuts to social security benefits and tax credits
8.2 Trends in UK public spending
8.3 Overall outlook for Spending Review 2010
8.4 Departmental spending in 2011-12 and 2012-13: sharing the pain?
8.5 Departmental spending after 2012-13
9.2 The public sector pay bill
9.3 Cutting pay, shedding jobs or both?
9.4 Cutting pay?
9.5 Cutting pensions?
10.2 The patent box
10.3 Direct spending on science and universities
10.4 R&D tax credits
11.2 The rationale for institutional reform
11.3 The Fiscal Responsibility Act
11.4 An enhanced role for the National Audit Office
11.5 An Office for Budget Responsibility
Appendix A: Forecasting public finances
Appendix B: Headline tax and benefit rates and thresholds
Appendix C: Abbreviations
© The Institute for Fiscal Studies, January 2010