On the 8th July, George Osborne will deliver the Summer Budget – the first Budget from a
Conservative government for almost 19 years.
While the Chancellor puts his Budget together,
what would you do if you held the purse-strings ? What decisions would you make on how
much to tax, how much to spend, and therefore how much to borrow over the next few years ?
This interactive tool allows you to act as Chancellor, set your own Budget and see the
consequences of your choices.
Disclaimer: Please note that the figures generated by this simple online form may not match
those in IFS analysis, since the latter uses unrounded numbers and may make more
sophisticated assumptions about the profile of fiscal choices between 2015-16 and 2019-20.
The headline figures
Your first task as Chancellor is to decide how much you want to borrow in future. The advantage of lower borrowing is
that the national debt will fall more quickly and future debt interest costs will be lower. But
lower borrowing requires higher taxes or lower public spending. Look at the implications for
public spending of different levels of future borrowing and future taxes.