Five charts that show who spends what in the UK

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Incomes and Inequality

The issue of living standards has – rightly – risen up the agenda in recent years, following the unprecedented six year-pay squeeze and severe hit to household incomes in the years after the financial crisis of 2008. Yet too little attention is given to the other side of the living standards equation: the cost of … Continued

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How far apart are the Conservatives and Liberal Democrats on fiscal policy: could the coalition renew its vows?

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Recently we looked at the degree of potential overlap between Labour and Liberal Democrat fiscal plans, and found that the parties are not as far apart as might first be assumed. In this second note, we consider the relative positions of the Conservatives and Liberal Democrats. The Conservative goal appears relatively straightforward: they want to … Continued

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All aboard the fiscal rollercoaster?

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We now have the final fiscal backdrop for the election, with the OBR setting out their forecast for tax receipts and the government’s tentative proposals for spending. Here we take a post-Budget look at what the parties’ deficit reduction targets might mean for the next parliament. The graph below shows the fiscal stance of the … Continued

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The high road or the low road? What a balanced current budget by 2017-18 does and does not mean

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Taken at face value a new Charter for Budget Responsibility, with a goal of eliminating the structural current deficit by 2017-18, has potentially significant implications for the parties’ fiscal plans. This applies most to Labour – given their separate pledge to do this by 2019-20 – and to a significant extent for the Liberal Democrats. … Continued

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