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Joined: 09/03/2009


Welcome to the Institute for Fiscal Studies’ 2008 Green Budget, in which we discuss some of
the issues confronting Alistair Darling in his first Budget as Chancellor of the Exchequer.
We are delighted once again this year to be producing the Green Budget in collaboration with
Morgan Stanley. David Miles, managing Director and Chief UK Economist, has had a long
association with IFS as a Research Fellow and as an editor of Fiscal Studies between 1999
and 2004. He and his colleagues have contributed chapters on the economic outlook, and on
debt management and the recent problems in the credit markets.

We are also grateful for financial support from the Economic and Social Research Council’s
Centre for the Microeconomic Analysis of Public Policy at IFS. As with all IFS publications,
the views are those of the authors of the particular chapters and not of the institute – which
has no corporate views – or of the funders of the research.