The public finances

Budget box

The economic recovery and the budget deficit

Economic recovery will help reduce the deficit but discretionary policy tightening is also needed

Sustainable public spending

Spending cuts will not be evenly shared across the public sector

The tax system

The recession has hit Government’s tax receipts severely, and major structural reform would be required to raise significant extra sums

Related information

This briefing was written at the start of the 2010 Parliament; for more recent briefings from the Commons Library on this subject see Commons Library Briefing Papers