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pdf only version - The Institute For Fiscal Studies

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£ billion<br />

<strong>For</strong>ecast for borrowing deteriorated between<br />

November 2010 and December 2012<br />

Change in official borrowing forecasts between Nov 2010 and Dec 2012<br />

80<br />

70<br />

60<br />

50<br />

40<br />

30<br />

20<br />

10<br />

0<br />

-10<br />

-20<br />

Increase in borrowing (without policy action)<br />

2010–11 2011–12 2012–13 2013–14 2014–15 2015–16 2016–17 2017–18<br />

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

Notes and sources: see Table 5.2 of <strong>The</strong> IFS Green Budget: February 2013.<br />

Additional author calculations.

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