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pdf only version - The Institute For Fiscal Studies

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Percentage of national income<br />

HMT Budget<br />

2008<br />

HMT PBR 2008<br />

HMT Budget<br />

2009<br />

HMT PBR 2009<br />

HMT Budget<br />

March 2010<br />

OBR Budget June<br />

2010<br />

OBR November<br />

2010<br />

OBR Budget 2011<br />

OBR November<br />

2011<br />

OBR Budget 2012<br />

OBR December<br />

2012<br />

Size of the problem and the planned solution:<br />

changes over time<br />

10<br />

9<br />

8<br />

7<br />

6<br />

5<br />

4<br />

3<br />

2<br />

1<br />

0<br />

Size of the problem<br />

Planned fiscal consolidation<br />

© <strong>Institute</strong> for <strong>Fiscal</strong> <strong>Studies</strong><br />

Notes and sources: see Figures 5.5 and 5.6 of <strong>The</strong> IFS Green Budget:<br />

February 2013. Additional calculations using Budgets, Pre-Budget Reports<br />

and Economic and <strong>Fiscal</strong> Outlooks since March 2008.

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