IFS Analysis
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Asked what the Prime Minister’s view was on comments made by the Institute for Fiscal Studies (IFS), suggesting that the Government would have to repeat the Spending Review process if it wanted to recoup all the money it set out to, the PMS said that the Prime Minister agreed with the Chancellor; we believed we were addressing the deficit at the right pace and we believed this was the right plan. It was also based on independent forecasts from the Office of Budget Responsibility (OBR).
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