The Latest Breaking News from IFS

An income tax freeze is now expected to mean a £20.5 billion tax rise, the Institute for Fiscal Studies said.

Pay rise for new teachers will come at expense of much lower increases for those with experience

The chancellor faces a stark decision between higher borrowing or an average earner being £800 worse off, the economic think tank says

The chancellor faces a stark decision between higher borrowing or an average earner being £800 worse off, the economic think tank says

Institute for Fiscal Studies says graduates face paying extra £28,000 towards their loan over their lifetime

The Institute for Fiscal Studies pointed to a ‘crucial tweak’ in the policy’s supporting documents.

Critics say plans among ‘most regressive yet’, while high-earning borrowers ‘stand to benefit substantially’

Employees in their 50s could be losing out on as much as £2,400.

IFS paper shows how inflation is eroding loans and fees enabling government to claw back £2.3bn

Exclusive: Britain must address an annual spending black hole of around £60bn in the years ahead, according to the IFS

The Levelling Up White Paper was finally unveiled by Michael Gove and the government today with great fanfare - but it comes two years after Boris Johnson's pledges, throws it forward to 2030 and has no new money. Here are the biggest problems, according to its critics