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The Latest Breaking News from IFS

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

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)

From analysis to the latest developments in health,
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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 National (Scotland)

‘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

The Guardian - UK

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 National (Scotland)

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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 Guardian - 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 Independent UK

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 National (Scotland)

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’

The Independent UK

Respected think tank says Labour and Tories 'avoiding spending cuts reality'

BOTH Labour and the Conservatives are “avoiding the reality” that their plans lock them into “sharp” spending cuts after the election, a…

The National (Scotland)

English pupil funding at same level as when Tories took power, study finds

Real-terms funding per pupil at 2010 levels, teacher pay at 2001 levels, and building investment 25% below mid-2000s

The Guardian - UK

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Fortune

U.K. millennials will probably never see same income boom as elders, study shows

Income growth in the U.K. slowed massively after the financial crash, while it sped up in countries like the U.S. and Germany.

The Independent UK

Election blow for Sunak as IFS says Tories oversaw ‘worst income growth for generations’

A damning new report has laid bare more then a decade of languishing living standards under successive Conservative governments

The Independent UK

Labour and Conservatives ‘misleading’ voters on tax and spending plans, top economist warns

Exclusive: As a war of words continues on whether Keir Starmer or Rishi Sunak would rule out a VAT hike, a top economist tells The Independent that both men are being dishonest with voters about the country’s finances

Dynamite News

Delhi Zoo sets up, water sprinklers, pools for animals amid increasing heat

As the temperature is rising day by day, special arrangements like water coolers, water pools and sprinkles among others are made for animals in Delhi's National Zoological Park. Read further on Dynamite News:

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news in one place.

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The Independent UK

Labour and Conservatives rule out VAT hikes amid row over tax plans

The chancellor accused Labour of secretly planning to raise VAT, while Labour accused the Conservatives of having a £71bn hole in their spending plans

The Guardian - UK

Tory national service policy would leave UK’s poorest areas worse off, IFS warns

Thinktank says proposal to pay for scheme by scrapping shared prosperity fund would downgrade efforts to level up country

Evening Standard

Rishi Sunak wakes up to election trouble in Cornwall over national service funding

Plan to conscript 18-year-olds depends on scrapping a national levelling-up fund that benefits Cornwall and Wales

The Guardian - UK

What are Labour’s plans for ending tax breaks for private schools?

Party policy is to add standard 20% rate of VAT to school fees and use funds raised to pay for more state teachers

The Guardian - UK

Reality check: can Treasury afford pledge to raise tax-free pension allowance?

We look at whether the Conservative pledge for a ‘triple lock plus’ can really be paid for by cracking down on tax avoidance

The Guardian - UK

No budget until September if Labour wins election, says Reeves

Shadow chancellor insists no additional tax rises will be needed beyond ones already announced by the party

The Independent UK

General Election 2024: What are the key Labour and Conservative manifesto policies?

Rishi Sunak has called a snap general election for July

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