Economy

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David Eiser looks at the distributional effects of implications of the Chancellor's budget.

Speaking before Budget 2014, John Swinney declared the Budget was the Westminster Government’s ‘last chance to seriously tackle inequality’. Early in his Budget speech, George Osborne argued that ‘income inequality is at its lowest level for 28 years’, so he clearly agrees that it is an important issue. (1) But did the Budget measures do anything to improve this statistic further?

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Scotland's fiscal position worsened in 2012–13 as North Sea revenues fell

Today, the Scottish Government published the latest version of its annual Government Expenditure and Revenues Scotland (GERS) publication covering 2012–13. The IFS will be publishing a full report on these figures and the last pre-referendum update of our assessment of Scotland’s fiscal position next month. But what are the key findings that jump out of the latest year of data?

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