IFS claim cost of living crisis to turn around this year

February 6, 2014 9:04 am

A leading economic think tank has found that the cost of living crisis is about to turn around. Analysis for the Institute for Fiscal Studies said there could be room to increase spending or cut taxes soon after the general election next year and still restore the public finances to health. However, the Institute for Fiscal Studies have still warned that the impact of the Government’s planned cuts in public services after the next election will be “hugely challenging”. They railed against overconfidence after a return to healthy growth in the economy, saying 60% of Chancellor George Osborne’s cuts are still due to take effect from next year.

Gary from PSI: Separately figures from Oxford Economics predicted 2.6% growth in GDP this year, raising the prospect that continued growth could remove the need for George Osborne’s austerity plans to be implemented in full.

BBC News.

Contact us

We would be delighted to hear from you. If you would like to get in touch with us, please contact us on 020 7463 0690 or use the form below.

We look forward to hearing from you.

For media enquiries, please contact Chris Rogers on 020 7793 2536 / 07720 054189, or email Chris.Rogers@whitehouseconsulting.co.uk.

Contact us via email

The Whitehouse Consultancy
The Metal Box Factory
30 Great Guildford Street
London SE1 0HS

Get directions
  • ace centre
  • Pancreatic Cancer UK
  • Pancreatic Cancer UK
  • Team GB
  • Lilian Baylis Technology School

Sign up for the latest news

  • * Donates required fields
  • This field is for validation purposes and should be left unchanged.

Contact us

  • * Denotes Required fields
  • This field is for validation purposes and should be left unchanged.