Article preview: Austerity or permanently higher spending? That appears to be the stark choice faced by the government this autumn. While the Autumn Budget is cancelled due to Covid-19 uncertainty, we do expect HM Treasury to push ahead with their spending review, publishing details of how the government will spend money. New analysis from the Institute of Fiscal Studies suggests that public spending is likely to rise to its highest share of national income in more than a decade. If spending doesn’t rise to this level, a fresh round of austerity could hit public services.
Austerity or higher spending? Tough decisions for the government this autumn
This 475-word blog post carries a warning from the Institute of Fiscal Studies ahead of the government’s autumn spending review. Written on 29th September 2020.
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