lnstitute for Fiscal Studies - The IFS Green Budget - October 2024

Andrew Pitt Head of Global Insights Citi © The Institute for Fiscal Studies, October 2024 4 The IFS Green Budget: October 2024 © The Institute for Fiscal Studies, October 2024 The IFS Green Budget: October 2024 5 Foreword from the Nuffield Foundation The Nuffield Foundation is one of the longest-standing supporters of the work of IFS. [...] However, the Green Budget remains the landmark publication of the IFS year, framing public debate on the state of the public finances ahead of the Chancellor’s Budget and Spending Review. [...] If the challenge for the United Kingdom is to reset the terms of the relationship between a caring and productive society, the areas on which Green Budget has focused this year identify the pressure points in that equation. [...] The Nuffield Foundation is the founder and co-funder of the Nuffield Council on Bioethics, the Ada Lovelace Institute and the Nuffield Family Justice Observatory. [...] The fundamental issue here is the combination of a high debt stock, increasing volatility on the supply side of the global economy, and the continued need for the UK to attract international capital.