This "explainer" looks at how the parties' proposals would affect Scotland and Wales, covering tax, spending, public finances and the constitution.

We describe the fiscal outlook and set out the unenviable but important choices - which could define the parliament - confronting Rachel Reeves.

The new Chancellor faces a difficult fiscal inheritance. Her choices on tax and spending at this first Budget could define the rest of the parliament.

We consider the case for and against a fiscal target for public sector net worth.

In the current environment of high inflation and rising interest rates, tax cuts at the upcoming Budget would be extremely difficult to justify.

The Scottish Government's overall budget depends both on funding from the UK government, which is determined largely via the Barnett formula, and on its own devolved revenues, borrowing and reserves, which are governed by the Fiscal Framework. This chapter of the report looks at the funding...

Chancellors don't respond symmetrically to good and bad economic news. This represents a risk to the accuracy of official borrowing forecasts.