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The Latest Breaking News from IFS

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

The Guardian - UK

Richard Murphy quizzes Alba's Neale Hanvey on economics of an independent Scotland

ALBA candidate Neale Hanvey has said Scotland has to “divorce” itself from gloomy financial predictions about independence and lay the…

The National (Scotland)

Labour must go 'much further' in tackling child poverty, Liz Kendall admits

The Shadow Work and Pensions Secretary said Labour ‘cannot do everything overnight’ but has a ‘bold and ambitious’ plan to reduce child poverty

Evening Standard

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

SNP 'right that rejoining EU could bring £30bn boost to UK coffers', IFS says

THE SNP’s claim rejoining the EU would boost revenues by £30 billion a year is “not unreasonable”, financial experts have said.

The National (Scotland)

‘Glacial’ progress on levelling up in UK means more resources needed, says thinktank

Institute for Fiscal Studies praised Conservatives’ ambition but said by some measures gap had widened

The Guardian - UK

Nigel Farage grilled on Reform's links to fascists in car crash TV interview

THE majority of Reform UK’s General Election candidates are “not political sophisticates”, Nigel Farage has insisted amid a car crash…

The National (Scotland)

Delhi HC dismisses bureaucrat’s defamation suits against HT, Hindustan

The Delhi High Court has dismissed two defamation suits filed by 1999 batch IFS officer Mahaveer Singhvi against Hindustan Times and Hindustan over two reports published in 2002, LiveLaw reported.

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'Critical': Labour must stick to pledge to devolve post-Brexit funds, Greens say

IT is “critical” that a UK Labour government sticks to a manifesto pledge to hand control over post-Brexit structural funding to devolved…

The National (Scotland)

Campaign catchup: Farage’s dodgy sums, tactical voting, and a Lib Dem showpony

In today’s newsletter: The rightwing party launched its manifesto today – but does any of it add up?

The Guardian - UK

SNP call for Labour to introduce emergency child poverty measures in special debate

THE SNP have challenged Labour to introduce an emergency child poverty budget immediately after the election, ahead of a special debate on…

The National (Scotland)

Nigel Farage pledges to run for PM in 2029 as Reform manifesto slated by economists

Reform UK leader Nigel Farage has sights on 2029 election as he launches manifesto aimed at Tory voters but had his policies trashed by economists and financial experts

The Independent UK

'Disgraceful': Two-child cap will affect 670,000 extra children within five years

The number of children affected by the two-child benefit cap will rise by a third over the next five years, the Institute for Fiscal Studies has…

The National (Scotland)

Starmer faces further calls for Labour to axe two-child benefit cap

IFS research shows 670,000 more children will be hit by policy by end of next parliament if limit stays in place

The Guardian - UK

Wes Streeting defends Labour's manifesto and likens Rishi Sunak's to 'Liz Truss on steroids'

Shadow health secretary also slams ‘crocodile tears’ of private schools over Labour VAT plan

Evening Standard

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The National (Scotland)

Leading economic experts tear apart Labour's 'no austerity' claims

TAX hikes and spending increases within the Labour manifesto are “trivial” and do not address cuts already faced by buckling public services,…

The National (Scotland)

Anas Sarwar red-faced as Labour manifesto undermines 'no austerity' pledge

ANAS Sarwar has been urged to apologise for “misleading voters” after he told a BBC debate that Labour would not bring in austerity – two…

The National (Scotland)

Independent Scotland would not resort to austerity, says John Swinney

AN independent Scotland would focus on raising revenue rather than resorting to austerity, the First Minister has said.

The Guardian - UK

‘Labour’s honeymoon will be short-lived’: teachers’ union head warns of strikes by autumn

Daniel Kebede, leader of the NEU, says members’ morale is at an all-time low and that Starmer must signal a radical change in policy

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news in one place.

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The National (Scotland)

Next government will have to cut scope of state or raise taxes, report says

A REPORT has warned the next government it will have to cut the scope of what the state provides or raise taxes to maintain levels of departmental…

The National (Scotland)

'Sharp cuts': John Swinney presses Labour to explain where £18bn cuts will come from

FIRST Minister of Scotland John Swinney has urged Labour to explain where £18 billion in cuts predicted by the Institute for Fiscal Studies…

The Guardian - UK

Sunak pledges to keep stamp duty threshold at £425k for first-time buyers

Pledge comes as parties prepare to launch their manifestos, with Labour to offer support for small businesses

The Guardian - UK

Tax rises of £800 a year coming whoever wins UK election, thinktank finds

Neither Labour nor Tories have committed to axing already announced rises, Resolution Foundation warns

The Independent UK

Tories’ promises to raise tax threshold for pensioners a joke, Labour says

During a visit to Essex, shadow pensions secretary Liz Kendall claimed the Conservatives have worsened the quality of retirement.

The National (Scotland)

New analysis proves Labour WILL impose austerity in power, SNP say

BOTH Labour and the Tories are signed up to implement “serious spending cuts”, the head of a leading economic think tank has warned.

The Independent UK

Labour and Tories ‘avoiding reality’ of sharp spending cuts after general election, says think-tank

The Institute for Fiscal Studies (IFS) criticised the current fiscal rules which are ‘arbitrary and gameable’

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