Paul Johnson, Director, Institute for Fiscal Policy will give a fiscal outlook at this evening meeting. Paul has been director of the Institute for Fiscal Studies since January 2011. He has worked and published extensively on the economics of public policy, with a particular focus on income distribution, public finances, pensions, tax, social security, education and climate change. As well as a previous period of work at the IFS his career has included spells at HM Treasury, the Department for Education and the FSA. Between 2004 and 2007 he was deputy head of the Government Economic Service. Paul is currently also a member of the committee on climate change, of the Actuarial Council of the FRC and of the executive committee of the Royal Economic Society. He was an editor of the “Mirrlees Review”.