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The Latest Breaking News from IFS

Conservative leadership race: ‘Next PM must find billions to help out struggling households’

Carrying on with the current economic policy is ‘not going to cut it’, IFS chief says

Evening Standard

School spending power to stay below 2010 levels as inflation drives up costs

New prime minister faces decision on new cash injection to avoid ‘stagnation’

The Independent UK

Schools in England face funding crisis as costs soar, study warns

Institute for Fiscal Studies says spend per pupil set to be lower in 2025 than in 2010, with budgets already under strain from rises in food, energy and wage bills

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Pranay Kumar Verma appointed as Indian High Commissioner to Bangladesh

A 1994 batch IFS officer, Verma is currently Ambassador of India to the Socialist Republic of Vietnam. Read more on Dynamite News:

Dynamite News

Boris Johnson takes swipe at Rishi Sunak over energy bill VAT U-turn

The outgoing Prime Minister said the controversial move would be "easier than we thought" in a thinly-veiled dig at the former Chancellor during a speech at the Commonwealth Business Forum in Birmingham

Daily Mirror

Economists cast doubt over Rishi Sunak's bid to scrap VAT on domestic energy bills

Tory leadership candidate Rishi Sunak has vowed to drop the 5% charge from October if the energy price cap tops £3,000, describing it as a 'targeted, temporary and timely tax cut'

Daily Mirror

Rishi Sunak warned plan to cut VAT on energy bills could move UK in 'wrong direction'

Last night the former Chancellor announced plans to scrap the 5% charge from October if the energy price cap tops £3,000 - prompting critics to accuse him of flip-flopping

Daily Mirror

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Rishi Sunak offer to cut VAT on energy ‘threatens climate change targets’

‘Move in exactly the wrong direction’, says economics thinktank

The Independent UK

Rise in long Covid sufferers unable to work costs UK £1.5bn a year

Around 110,000 people are off work with condition at any one time, new research estimates

The Independent UK

Long Covid costing UK workers up to £1.5bn yearly in lost income, says IFS

Researchers say impact of rise to 2 million cases meant it was ‘a significant part of pandemic’s legacy’

The Guardian - UK

Centre will not implement draft notification of ESA in Western Ghats till it gets panel report: CM

The Centre has informed a delegation from Karnataka that the draft notification of Ecologically Sensitive Areas in Western Ghats will not be implemented till the report from a high-level committee headed by retired IFS officer Sanjay Kumar is received on the issue.

The Hindu

Rishi Sunak steps up attack on Truss tax cuts as poll puts his rival well ahead

Former chancellor says opponent’s economic policies risk stoking inflation and pushing up interest rates

The Guardian - UK

Tory leadership: Liz Truss’s tax cuts will damage public services and bust Treasury rules, economists warn

Race favourite’s economic credibility under fire – as she appears to be coasting to victory in vote by Tory members

The Independent UK

Liz Truss tax cuts policy ‘ridiculous’ and risks 1970s-style inflation, economists warn

Experts reject Tory candidate’s claim tax cuts ‘will decrease inflation’ – and warn of austerity era ahead

The Independent UK

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The Guardian - UK

Benefit cuts since 2010 increased UK child poverty in run-up to pandemic, says IFS

Austerity-era policies meant poverty among larger families in poverty rose at significantly faster rate, says thinktank

The Independent UK

Share of children in material deprivation ‘fell by a quarter before pandemic’

Relative child poverty rose over the same period, the Institute for Fiscal Studies found.

The Hindu

Andhra Pradesh: Madhusudhan Reddy takes over as PCCF

He is also placed in full additional charge of the post of HoFF until further orders

Chronicle Live

DWP warned about PIP payment delay impact with claimants waiting months for cash

The Government urged to 'get a grip' on the backlog of PIP payments by Citizens Advice as people increasingly struggle during the cost of living crisis

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Liverpool Echo

PIP claimants warned over '£300m payment delays'

Some people are waiting five months for a decision on disability benefits

Wales Online

Disabled benefits claimants ‘waiting months for £300m in delayed PIP payments’

Working-age claimants are waiting five months for a decision

The Independent UK

Disabled benefits claimants ‘waiting months for £300m in delayed payments’

Disability benefit claims have risen steadily over the past three decades, the Institute for Fiscal Studies said.

Wales Online

Half of children in single-parent families living in 'relative poverty'

It was double the number of those with two parents

The Independent UK

Almost half of children in lone-parent families in relative poverty – IFS

Some 1.5 million children were living in relative poverty in 2019-20 before the coronavirus pandemic hit, the Institute for Fiscal Studies said.

The Guardian - UK

Half of all children in lone-parent families are in relative poverty

Exclusive: IFS study shows impact of Tory cuts to benefits and cost of living crisis on single mothers

The Guardian - UK

Wednesday briefing: Defence secretary Ben Wallace goes on the warpath over military spending

In today’s newsletter: As Boris Johnson, armed forces leaders and Wallace give mixed signals on military spending plans, Archie Bland tries to make the numbers add up

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