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The Latest Breaking News from IFS

The Observer view on the budget: Jeremy Hunt is planning to steal from our long-term future

By taking money to fund tax cuts, the chancellor’s policy will be as disastrous as that of his predecessors

The Guardian - UK

Tory peer calls for £10,000 ‘citizens inheritance’ for all 30-year-olds

David Willetts suggests policy would help spread wealth among millennials amid deepening inequalities

The Guardian - UK

Cuts to public services in England will ‘reverse’ gender equality, unions warn

Women’s groups urge chancellor to ignore calls for tax cuts in next week’s spring budget

The Guardian - UK

From analysis to the latest developments in health,
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NHS waiting lists falling but will stay above pre-Covid levels until 2030, IFS says

Length of time patients must wait for A&E care, diagnostic tests, cancer care and surgery will remain high, report predicts

The Guardian - UK

IFS officers transferred

Hyderabad IFS officers transferred to new postings by government orders, including Priyanka Varghese and B. Shafiullah.

The Hindu

Budget 2024: Jeremy Hunt considers new vaping tax and NI cut

Levy on vapes could make them unaffordable for children, as IFS warns over unfunded tax cuts

The Guardian - UK

Jeremy Hunt warned not to spook markets with unfunded budget tax cuts; US consumer confidence drops – as it happened

Rolling coverage of the latest economic and financial news, as ING warn the pound could fall by 2% if chancellor misreads the mood of bond investors

The Guardian - UK

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Jeremy Hunt’s ‘dubious’ financial planning lacks credibility, says IFS

Chancellor should resist temptation to announce unfunded tax cuts in March budget, advises leading thinktank

The Guardian - UK

Tripura govt suspends IFS officer after row over naming lion, lioness 'Akbar' and 'Sita'

The Tripura government has suspended IFS officer Pravin L. Agrawal following the row over naming a lion and lioness ‘Akbar’ and ‘Sita’

The Hindu

Intel goes after TSMC's foundry market share by branching into Arm chips and focusing on U.S. manufacturing

In an interview with Intel Foundry Services Head Stu Pann, Intel's foundry plans to expand to build Arm chips and fill holes in the market.

Windows Central

Uttarakhand HC's Justice Manoj Tiwari recuses self from hearing IFS officer Sanjiv Chaturvedi's case

Justice Manoj Tiwari, Judge of Uttarakhand High Court has recused himself from hearing the case of Uttarakhand cadre IFS officer Sanjiv Chaturvedi. Read further on Dynamite News:

Dynamite News

Former diplomat Sanjay Verma appointed UPSC member

Former diplomat Sanjay Verma has been appointed as a member of the Union Public Service Commission, according to a Personnel Ministry statement issued on Thursday. Read further on Dynamite News:

Dynamite News

OpenAI CEO Sam Altman will be at Intel's next foundry event — and he's currently looking for chip partners

OpenAI's Sam Altman will talk about the importance of advanced chips for AI workloads at Intel's upcoming Direct Connect event in Feb.

Tom’s Hardware

Wales has been brave enough to completely rethink the hated council tax. Take note, England

The Senedd’s plan to shift the burden of this levy away from those on lower incomes shows how real levelling up can work, says the Guardian columnist Polly Toynbee

The Guardian - UK

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AnandTech

Intel Teams Up with UMC for 12nm Fab Node at IFS

Intel and UMC on Thursday said they had entered into an agreement to jointly to develop a 12 nm photolithography process for high-growth markets such as mobile, communication infrastructure, and networking. Under the terms of the deal, the two companies will co-design a 12 nm-class foundry node that Intel Foundry…

The Guardian - UK

ECB chief says talk of interest rate cuts ‘premature;’ US economy grows faster than expected – as it happened

European Central Bank president Christine Lagarde holds press conference after bank keeps interest rates unchanged as expected

The Guardian - UK

Labour and Tories need to be honest about economic trade-offs, says IFS

Thinktank calls on parties to ‘level’ with voters about difficult tax and spending decisions before next election

The Hindu

New urban forestry director takes over

IFS officer S.V. Pradeep Kumar took charge as director of Urban Forestry Wing of Hyderabad Metropolitan Development Authority

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The Guardian - UK

Government to lose money on all student loans – even those repaid in full

The increased cost of borrowing has left the government with an £11bn annual shortfall, according to the IFS

The Independent UK

Jeremy Hunt unsure if government can afford more tax cuts

‘I don’t yet know if I can’, says chancellor when asked about pre-election tax giveaway talked up by PM

The Independent UK

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Institute for Fiscal Studies says personal taxes are rising despite much-hyped Tory tax cuts

Evening Standard

Labour tax cuts would threaten another 'period of austerity' for public services, warns IFS

Sir Keir Starmer and shadow Chancellor Rachel Reeves are reported to be considering tax cuts in Labour’s election manifesto, possibly to income tax

AnandTech

Intel Reiterates: We Are Not Going to Spin Off IFS

When Intel struggled with its 10nm process technology a few years ago, some investors suggested that the company would be better-off spinning its chip production into an independent foundry, leaving the core of the company to focus on chip design instead. Bucking these calls, however, Intel opted to keep chipmaking…

The Guardian - UK

Spending on university students in England ‘back to 2011 low point’, says IFS

Government’s underestimation of inflation has eroded teaching resources, according to thinktank

AnandTech

TSMC Solidifies Leadership on Foundry Market as Intel Jumps into Top 10

The global foundry industry witnessed a substantial rise in demand in the third quarter of 2023, according to TrendForce. The Top 10 foundries collectively saw their revenue soar to about $28.29 billion, marking a 7.9% increase compared to the previous quarter. Taiwan Semiconductor Manufacturing Co. (TSMC) maintained its No. 1…

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