Bee Boileau - Public spending: a parliament of two @TheIFS halves?

Public spending: a parliament of two halves? Bee Boileau Public spending: a 31st October 2024 parliament of two @TheIFS halves? Introduction Prioritisation of investment is welcome Big top up, but spending growth very front-loaded True for both day-to-day and investment spending Front-loading follows the pattern of previous government Opportunity to fix temporary problems and make quick. [...] Real terms day-to-day spending growth, 2024–25 to 2028–29, plans at Spring Budget 2024 and Autumn Budget 2024 5% 4.3% Spring Budget 2024 Autumn Budget 2024 4% 3% 2% 1% 0% -0.5% -1% 2024-25 2025-26 2026-27 2027-28 2028-29 Top up relative to previous +26.0bn plan: Public spending: a parliament of two halves? © Institute for Fiscal Studies Planned annual real-terms spending growth Changes in 2024-25. [...] Real terms day-to-day spending growth, 2024–25 to 2028–29, plans at Spring Budget 2024 and Autumn Budget 2024 5% 4.3% Spring Budget 2024 Autumn Budget 2024 4% Average: 3.4% 3% 2.6% 2% 1.0% 1% 0% -0.5% -1% 2024-25 2025-26 2026-27 2027-28 2028-29 Top up relative to previous +26.0bn +39.5bn plan: Public spending: a parliament of two halves? © Institute for Fiscal Studies Planned annual real-terms spe. [...] Real terms day-to-day spending growth, 2024–25 to 2028–29, plans at Spring Budget 2024 and Autumn Budget 2024 5% 4.3% Spring Budget 2024 Autumn Budget 2024 4% 3% 2.6% 2% 1.3% 1.3% 1.3% 1.0% 1.0% 1.0% 1.0% 1% 0% -0.5% -1% 2024-25 2025-26 2026-27 2027-28 2028-29 Top up relative to previous +26.0bn +39.5bn +43.6bn +47.0bn +50.0bn plan: Public spending: a parliament of two halves? © Institute for Fisc. [...] The trouble with front-loaded, overlapping Spending Reviews The trouble with front-loaded, overlapping Spending Reviews The trouble with front-loaded, overlapping Spending Reviews The trouble with front-loaded, overlapping Spending Reviews The trouble with front-loaded, overlapping Spending Reviews The trouble with front-loaded, overlapping Spending Reviews Tight plans after 2025–26 Tight plans af.