In this briefing we assess the extent to which instability in tax revenues risks becoming an increasing problem due to the types of policies that the main parties are proposing ahead of May's General Election.
They were poorly prepared for this, having run down savings and taken on increasing amounts of debt during the 2000s. It is estimated that the high levels of household indebtedness...
SMF Chief Economist Nida Broughton outlines the findings of our latest briefing ahead of 2015 Spending Review which explores the inconsistencies caused by ring fencing certain areas of government spending.