2009
DOI: 10.1920/bn.ifs.2009.0087
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Britain's fiscal squeeze: the choices ahead

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“…In the wake of the Government bank rescue and in the run up to the Pre‐Budget Report in 2009, an Institute of Fiscal Studies report estimated that the UK Government would have to borrow £90 billion to bridge the gap between spending and revenue or the Public Sector Net Borrowing Requirement would be unsustainable (Chote et al., ). The Centre for Economic and Business Research (CEBR) estimated that a budget deficit reduction of £100 billion by 2014/15 would be necessary to get the deficit down to £50 billion and, without any fiscal action, the deficit would become £158 billion (CEBR, 2009).…”
Section: Uk Evidence Of Npmmentioning
confidence: 99%
“…In the wake of the Government bank rescue and in the run up to the Pre‐Budget Report in 2009, an Institute of Fiscal Studies report estimated that the UK Government would have to borrow £90 billion to bridge the gap between spending and revenue or the Public Sector Net Borrowing Requirement would be unsustainable (Chote et al., ). The Centre for Economic and Business Research (CEBR) estimated that a budget deficit reduction of £100 billion by 2014/15 would be necessary to get the deficit down to £50 billion and, without any fiscal action, the deficit would become £158 billion (CEBR, 2009).…”
Section: Uk Evidence Of Npmmentioning
confidence: 99%
“…The new financial context will require difficult local decisions in the NHS, irrespective of this White Paper. 14 We will be open and honest about what this means.…”
Section: Implementing Our Nhs Visionmentioning
confidence: 99%