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The Latest Breaking News from Institute for Fiscal Studies

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

The Independent UK

Spending plans mean £9 billion of cuts after next year, economists warn

Economists have suggested Labour’s longer-term spending plans are ‘extremely challenging’ and do not rule out a return to austerity.

Evening Standard

'Oh dear, oh dear': Expert pans top Labour candidate over UK economy claim

THE director of Institute for Fiscal Studies (IFS) has dismissed a claim made by a senior Labour Party candidate that the financial situation of…

The National (Scotland)

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Party manifestos suggest ‘sharp cuts’ likely under next government, says IFS

The Institute for Fiscal Studies said the manifestos of the parties provided few details about the funding outlook for individual services.

Evening Standard

Rishi Sunak tax cuts won’t ease burden, economists warn, as national insurance rate drops

The Institute for Fiscal Studies says personal taxes are rising despite much-hyped Tory tax cuts

The Independent UK

‘Harder now than any point in last 50 years for poor to move up wealth ladder’

People who grew up on free school meals tend to earn thousands less than their peers by the time they reach their late 20s, the IFS said.

The Independent UK

Poorer areas missing out because public funding system has broken down – study

The Institute for Fiscal Studies said the Government’s use of old data meant the allocation of funding often fell short.

The Independent UK

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Budget expert warns cutting nurses' real pay will hammer morale and services

The Institute for Fiscal Studies delivered its scathing verdict on Chancellor Jeremy Hunt's Budget, warning that slashing public sector pay in real terms would have damaging consequences

Daily Mirror

Cost of living crisis prompting over-50s in UK to seek work, thinktank suggests

IFS says trend may ease pressure on labour market, but it is ‘no cause for wider celebration’ if it is triggered by people being poorer

The Guardian - UK

Jeremy Hunt can afford public sector pay rises at March Budget, says IFS

Ditching fuel duty freeze could pay for more generous settlement, suggests think tank

The Independent UK

Nudging pension savers at key life stages ‘could boost retirement outcomes’

The Institute for Fiscal Studies said when employees do have extra cash available very few put any of it into their pension.

The Independent UK

Warning as 820,000 people could miss out on £900 cost of living payment

The Institute for Fiscal Studies said around 825,000 people could miss out on the payments because they earn "slightly" more than what you can to get Universal Credit

Daily Mirror

DWP cost of living payments are making some families 'worse off', think tank claims

A think tank described the cost of living payments as “crudely targeted”

Manchester Evening News

600,000 households worse off until 2025 as benefits fail to keep up with inflation

Cost of living payments were branded a 'crude patch' which is 'no substitute' for fixing the real problem - and cost the Government more than if benefits were hiked in line with inflation, according to the Institute for Fiscal Studies

Daily Mirror

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Wales Online

Many benefits recipients will be worse off until April 2025, warns think tank

The Institute for Fiscal Studies also believes hundreds of thousands of people could be in a better position financially if they earned less

Wales Online

All the big questions about the new teacher pay offer

An Institute for Fiscal Studies economist said the cost of the teacher's pay offer in Wales will be around £50m

Evening Standard

NHS waiting list unlikely to get any shorter this year, think tank warns

Institute for Fiscal Studies says health service would need to achieve ‘remarkable increase’ in number of patients it is treating

The Independent UK

NHS waiting list likely to ‘flatline’ for the next year, economists warn

The Institute for Fiscal Studies said the Government is unlikely to reach its waiting list targets this year.

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The Independent UK

Pension triple lock unsustainable, warns IFS

Benefits system increasingly skewed towards parents and pensioners, says Institute for Fiscal Studies

The Guardian - UK

Teachers’ pay cut by £6,600 since 2010, says Institute for Fiscal Studies

IFS says pay erosion helps explain why traditionally moderate teaching unions are considering strike action

Daily Mirror

Teachers hit by 5% real terms fall in wages - on top of decade of Tory cuts

Three major education unions - the NEU, NASUWT and the NAHT - are balloting their members over whether to take strike action over pay, with the results expected to be announced in the coming days

The Independent UK

Budget overstated public spending increases, says think tank

The Institute for Fiscal Studies said £1.3 billion of in-year spending rises were not included in the Scottish Government’s figures for this year.

The Independent UK

Budget overstated public spending increases, says think tank

The Institute for Fiscal Studies said £1.3 billion of in-year spending rises were not included in the Scottish Government’s figures for this year.

The Independent UK

Colleges and sixth forms to bear brunt of funding squeeze, “stark” IFS report warns

Early years education, colleges, sixth forms and universities will all face a difficult few years ahead, experts have warned.

The Independent UK

Early years education and colleges to bear brunt of funding squeeze – IFS

Early years education, colleges, sixth forms and universities will all face a difficult few years ahead, experts have warned.

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