Over £20bn of fiscal tightening needed from 2016 to meet coalition fiscal target

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Fiscal Choices

Press release from the Resolution Foundation Wednesday 3 December – For immediate release OVER £20BN OF FISCAL TIGHTENING NEEDED FROM 2016 TO MEET COALITION FISCAL TARGET Resolution Foundation calls on parties to set out what their fiscal plans mean for taxation, welfare spending and the future shape of public services Deeper spending cuts, tax rises … Continued

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Political parties are failing to provide detail of deficit reduction plans for the next parliament

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Fiscal Choices

The UK’s main political parties are yet to provide voters with adequate detail to assess the far reaching implications of their deficit reduction plans for the next parliament, according to a new report published today (Tuesday) by the independent think-tank the Resolution Foundation. With the coalition government expected to have delivered around half of its … Continued

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All parties share the blame for falling living standards shows new poll

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Fiscal Choices

More blame Labour than other parties – but Labour has the edge in 7 of 8 key policy areas affecting living standards All the main parties share the blame for the fall in living standards over recent years although slightly more people hold Labour most responsible, shows a new poll from independent think tank the … Continued

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Tough spending decisions tee up more pain still to come

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Fiscal Choices

Today’s Spending Round means a number of key non-protected Government departments will see brutal cuts to their total budgets of between roughly one-fifth and over a half between 2010 and 2015. Yet on current plans today’s reductions tee up even steeper falls still to come, according to analysis from the Resolution Foundation. We aren’t yet … Continued

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Budget analysis and reaction from the Resolution Foundation

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Fiscal Choices

On personal tax allowances – Small gains for the great majority of tax payers excluding the very highest and lowest earners. However three-quarters of the £1 billion goes to households in the top half. On fuel duty – The freeze on fuel duty will disproportionately benefit lower and modest income families. On childcare – Welcome … Continued

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