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The UK government is part-way through significant cuts in spending on public services as it attempts to deal with the large hole in the UK's public finances. As part of this, grants from the UK Treasury to the Welsh Government have been reduced in real terms each year since 2009-10, and the...
Persistent link: https://www.econbiz.de/10010242271
If the result of the referendum on 23 June leads to the UK leaving the EU, there will be impacts on the UK public finances. This report aims to set out the possible impacts, focusing particularly on the short run, given that the Chancellor wishes to achieve a budget balance by the end of this...
Persistent link: https://www.econbiz.de/10011477367
The public health and economic effects of the COVID-19 crisis are creating a perfect storm for councils' finances, simultaneously increasing spending and reducing incomes. For example, personal protective equipment (PPE) and social distancing requirements have increased unit costs for a range of...
Persistent link: https://www.econbiz.de/10012264468
The aim of this report, the IFS's first in-depth analysis of the Scottish Government Budget, is to look at some of the key implications for the coming year, and for the longer term. We do not attempt to cover all of the different services that the Scottish Government is responsible for, or all...
Persistent link: https://www.econbiz.de/10013549005
The Scottish Government's overall budget depends both on funding from the UK government, which is determined largely via the Barnett formula, and on its own devolved revenues, borrowing and reserves, which are governed by the Fiscal Framework. This chapter of the report looks at the funding...
Persistent link: https://www.econbiz.de/10013549075
The Scottish Government's Budget for 2024-25 takes place at a time of particular uncertainty about the future funding environment. UK government spending plans both for the coming year and for later years seem likely to be topped up, but when and by how much is unclear. The current UK government...
Persistent link: https://www.econbiz.de/10014481240
This chapter of our second annual Budget Report looks at Scottish tax policy and revenue, the overall amount of funding available for Scottish public services, and planned spending on different individual services in the coming financial year, 2024-25. In several important respects, the Scottish...
Persistent link: https://www.econbiz.de/10014481250
publishing an update to 2022's Resource Spending Review. However, with the Deputy First Minister and Finance Minister, Shona …
Persistent link: https://www.econbiz.de/10014481251
Persistent link: https://www.econbiz.de/10014577986