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The Latest Breaking News from IFS

Budget 2024: Five key tax takeaways at a glance

Chancellor announces biggest raft of tax hikes in any budget since 1993

The Independent UK

Private schools say drop in enrolments mainly due to impending VAT on fees

Survey by Independent Schools Council finds UK pupil numbers down 1.7% compared with 2023

The Guardian - UK

Time is ticking for Labour to scrap the two-child limit – and then make Britain a welcoming place for children again

Axing the cap is the first step towards pulling children out of poverty. Could £2.5bn ever be better spent, asks Guardian columnist Polly Toynbee

The Guardian - UK

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

London's IFS cable car workers to strike in row over pay, union says

Workers at London cable car threaten strikes every Saturday in pay dispute

Evening Standard

Labour’s tax red lines have left Reeves with ‘one hand tied’ for budget, says IFS

Ruling out of rises to four main taxes could lead chancellor to make ‘economically damaging’ decisions, says thinktank

The Guardian - UK

Why has there been a sharp rise in health-related benefits claims in Britain but not in similar countries? Expert Q&A

Since 2019, real-terms spending on health-related benefits in Britain has increased by £12 billion and is set to continue growing, according to a new report from the Institute for Fiscal Studies. However, comparable countries, such as France, Australia and the US, have not experienced similar increases in spending.

The Conversation

Sanjay Rana is the next Ambassador of India to the Kingdom of Morocco

Sanjay Rana, the 1996 batch IFS officer is presently Ambassador of India to Bulgaria. Read further on Dynamite News:

Dynamite News

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Automatically enrol young staff into workplace pension schemes, says IFS

Thinktank says with up to 40% of staff on track for inadequate funds even 16-year-olds should be signed up

The Guardian - UK

Slump in visa applications from foreign students threatens to hit some UK universities, warn top economists

Home Office figures showed 25,200 fewer applications for visas to study in UK in August

Evening Standard

Nehru’s First Recruits: A remarkable retelling of an epoch – with one glaring gap

The advent of the post Second World War international order – and the new equations that emerged with it – coincided with the early years of postcolonial India. Perhaps the clearest reflection of the significance that newly independent India placed in navigating external challenges and pursuing national interests, while engaging…

Newslaundry

Female NHS consultants are closing the ‘gender promotion gap’

Researchers cite retirement of male consultants during Covid pandemic as key factor

The Guardian - UK

Home Office criticised over ‘woefully’ understated Tory asylum budgets

An IFS report vindicates Labour concerns that it inherited a worse financial situation than previously thought

The Guardian - UK

Labour's fiscal rules are 'daft' – they should borrow more, IFS director says

LABOUR’s self-imposed fiscal rules are “pretty daft” and ape the Conservatives, according to the director of a leading economics think tank ...

The National (Scotland)

'Nonsense': Anas Sarwar panned for 'UK cuts not related to Scottish cuts' claim

ANAS Sarwar has been panned after he claimed that UK Government cuts are “not related” to cuts in Scotland ...

The National (Scotland)

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The Independent UK

Government borrowing surges to higher than expected £3.1bn as Reeves under pressure to raise taxes

The Office for National Statistics (ONS) said public sector net borrowing stood at £3.1bn last month, £1.8bn more than a year ago and the highest July borrowing since 2021

The Guardian - UK

Former Sunak adviser urges Labour to introduce wealth tax on housing

The economist behind the Covid furlough scheme has called for ‘unfair’ council tax and stamp duty to be axed in England

Evening Standard

OPINION - Jack Monroe was right – 'cheapflation' really did hit the poorest households

Every month, our friends at the Office for National Statistics (ONS) publish the latest annual inflation rate, which measures the change in the price of regularly purchased products compared with the same time the previous year. Today, that figure (or rather, July's figure) was 2.2 per cent, slightly up on June…

The Independent UK

UK’s poorest households felt brunt of rising food prices in cost of living crisis

It comes as fresh inflation data from the Office for National Statistics found that inflation ticked up to 2.2 per cent in July

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news in one place.

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The Guardian - UK

Revealed: how UK’s poor paid price of ‘cheapflation’ in cost of living crisis

Price rises were bigger for budget foods than expensive varieties during peak years of inflation, research shows

The National (Scotland)

Scottish independence group issues update on St Andrew's Day convention

A SCOTTISH independence group has issued an update on a convention it has planned for later in the year ...

PC Gamer

Broken CPUs, workforce cuts, cancelled dividends and a decade of borked silicon—how has it all gone so wrong for Intel?

Intel can still turn the ship around, but time is running out.

International Business Times UK

Netizens Call For Immediate Cut Of MP Salaries And Expenses After Rachel Reeves Leaves 10M Pensioners 'Out In The Cold'

Reeves claimed the public finances face an extra £22 billion hole inherited from the Conservatives and warned of "difficult decisions" ahead

The Guardian - UK

Reeves and Hunt come to brink of fisticuffs over mysteriously absent £22bn

The chancellor blames her predecessor for everything, including her reinvention as a Ministering Angel of Death

The National (Scotland)

'I don't accept there will be cuts': Sarwar urged to apologise for misleading voters

SCOTTISH Labour are being urged to apologise for misleading voters after Anas Sarwar claimed he did not “accept” there would be spending cuts…

The Guardian - UK

The billions Britain needs are at Rachel Reeves’s fingertips, and no fiscal promises need be broken

These initial cuts must be followed by an autumn budget that taxes the richest and focuses on growth, says the Guardian columnist Polly Toynbee

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