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The Latest Breaking News from IFS

Rachel Reeves set to unveil £20bn black hole in public finances

Fears that the chancellor may need to consider further tax rises as she is set to reveal bad news on public finances

The Independent UK

Soaring UK mortgage rates have pushed 320,000 adults into poverty, thinktank says

Institute for Fiscal Studies report says interests rate rises have inflicted differing levels of hardship

The Guardian - UK

What is the UK’s two-child cap on benefits and will Labour ever reverse it?

Prime Minister Keir Starmer is facing calls from campaigners and his own MPs to scrap the cap on family benefits.

Al Jazeera

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Labour facing moment of truth over tax pledges, economists warn

Experts say 5.5% pay increase for public sector not ‘consistent’ with spending plans that rule out tax rises

The Guardian - UK

Reeves hints public sector workers could get above-inflation pay rises

Independent pay review bodies for teachers and NHS staff have reportedly advised increases of about 5.5%

The Guardian - UK

Rachel Reeves issues warning after minister claims finances 'worse than we thought'

RACHEL Reeves has warned she will have to make “difficult decisions” following claims from a minister that the UK's finances are "worse…

The National (Scotland)

Labour can end austerity at a stroke – by taxing the rich and taxing them hard

The focus on growth to ease the UK’s economic ills will not be nearly enough, says Guardian columnist George Monbiot

The Guardian - UK

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Scottish Labour leader Anas Sarwar calls on Keir Starmer to scrap ‘wrong’ two-child benefit cap

The Scottish Labour leader said his party would be ‘pushing at an open door’ to abolish the policy, which has been strongly criticised by anti-poverty campaigners

The Independent UK

UK general election 2024: Key issues by the numbers

Economic stagnation, crumbling healthcare system, housing crisis and immigration are some of the biggest concerns.

Al Jazeera

I simulated each UK party’s first years in government in a video game, and the results were awful

For the past week, I’ve been feeding UK party manifestos into the politics management game, to simulate their results five years on … Are you ready to be dismayed?

The Guardian - UK

Labour’s missed chance to reduce child poverty

Letter: The party’s broad commitment not to raise taxes would hamper efforts to eradicate child poverty, says Prof Mike Stein

The Guardian - UK

Twice as many Britons want tax rises as want cuts, survey finds

Study reveals support for measures to maintain public services, regardless of impact on household finances

The Guardian - UK

Stephen Flynn has perfect response to Laura Kuenssberg's 'SNP mistake' question

STEPHEN Flynn had the perfect response to Laura Kuenssberg when she asked him to name one “mistake” the SNP had made in the General Election…

The National (Scotland)

7.6 million: How England’s healthcare waiting list trebled under the Tories

Waiting times for NHS care have also risen sharply across the UK since ruling Conservatives came to power in 2010.

Al Jazeera

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The National (Scotland)

Top think tank: Scotland faces cuts under a Labour government

THE Scottish Government will likely have to make cuts to public services under Labour’s fiscal plans, experts at a leading think tank have warned…

The Independent UK

Keir Starmer – what he really makes of Trump, Blair and Corbyn

In the second part of Sir Keir Starmer’s exclusive interview with The Independent, he reveals what motivates him politically

The National (Scotland)

'Oh dear, oh dear': Expert pans top Labour candidate over UK economy claim

THE director of Institute for Fiscal Studies (IFS) has dismissed a claim made by a senior Labour Party candidate that the financial situation of…

The Independent UK

Where do all the parties stand on tax cuts and spending – and are their manifestos fully costed?

Everything you need to know about the tax cuts proposed in the 2024 manifestos – and how they’re costed

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The Guardian - UK

UK finances are a mess and Tories and Labour keeping public in the dark, says IFS

Institute of Fiscal Studies also dismissive of plans by Lib Dems, Greens and – in particular – Reform UK

The Independent UK

Nigel Farage under fire for ‘cuddling up to the Kremlin’ as IFS accuses Reform of poisoning election debate

Former Ukip leader defended his Ukraine war comments and hit out at Boris Johnson as he made another incendiary claim – that there had been an ‘invasion of people arriving on small boats’

The Independent UK

Tories and Labour under fire from IFS over ‘conspiracy of silence’ on tax

Think tank criticises ‘unattainable’ claims and ‘essentially unfunded’ NHS pledges

The Guardian - UK

Labour would raise taxes rather than cut spending if growth is weak, says IFS

Thinktank’s director Paul Johnson says pressures on spending would be too powerful for party to make cuts

Evening Standard

Party manifestos suggest ‘sharp cuts’ likely under next government, says IFS

The Institute for Fiscal Studies said the manifestos of the parties provided few details about the funding outlook for individual services.

The Guardian - UK

Next government faces hard choices on English universities, say experts

Ministers left with unpalatable options of raising tuition fees, making grants or capping student numbers, says IFS

The Guardian - UK

Labour drafts options for wealth taxes to ‘unlock’ funds for public services

Exclusive: Sources say changes to inheritance tax and capital gains tax are being discussed

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