One year ago the Coalition announced unprecedented levels of public spending cuts. Since then Government has focused on dealing with the deficit and implementing the spending cuts programme.
But the economic climate is looking increasingly uncertain. And the targets to bring public finances back into balance need the UK economy to grow. The challenge ahead for the Coalition is to decide whether their fiscal plans should alter.
Our report analyses public sector progress to date and explores the outstanding challenges for government.
And, in this short video, John Hawksworth, PwC Chief Economist, discusses the key findings from the research, including the key policy options the Coalition should consider to keep the fiscal plans on track, and kick-start growth.