The public finances: key issues for the 2010 Parliament

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

Latest Key Issues

The Commons Library has produced a Key Issues for the new Parliament 2015.