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Montevideo, May 26th 2019 - 00:07 UTC

Tag: 2018 budget

  • Monday, February 11th 2019 - 08:51 UTC

    Institute for Fiscal Studies says more billions needed to end Hammond's austerity

    In its analysis, IFS said spending increases already promised by Hammond would be swallowed up by commitments to fund the NHS, defense and international aid

    Philip Hammond must spend billions extra to end austerity, says think tank the Institute for Fiscal Studies (IFS). To maintain per capita spending across government departments which don't have ring-fenced budgets, he must find an extra £5bn a year by 2023, it adds. And maintaining spending on unprotected services as a share of national income would require £11bn on top of spending plans set out in the 2018 Budget.