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The Latest Breaking News from Institute for Fiscal Studies

Liz Truss’s plans for tax cuts ‘a gamble at best’, says leading think tank

The Institute for Fiscal Studies said the new PM risks putting the public finances on an ‘unsustainable path’

Evening Standard

‘Who pays?’: Labour go on the attack over Truss’s energy plans

Opposition says PM has not detailed how she will fund her price freeze after ruling out windfall tax

The Guardian - UK

Economist explains how UK energy crisis plan will affect bills and inflation

More on who will ultimately be left to foot the bill

Wales Online

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How the UK energy crisis plan will affect bills and price inflation — an economist explains

A rapid rise in energy prices for households and businesses this year has led the UK government to outline its energy price guarantee plan, designed to ensure a typical household will pay no more than £2,500 annually for two years from October 1 2022. Businesses will have their energy costs…

The Conversation

Liz Truss warned 'simplistic' tax cut plans would 'completely crash' the economy

Institute for Fiscal Studies boss Paul Johnson tore into the Conservative frontrunner's tax plans - as ex-Chancellor Lord Darling warned of the 'lethal cocktail' facing the British economy from inflation and a looming recession

Daily Mirror

‘Simplistic’ Liz Truss warned her VAT cut will ‘crash the public finances’

Institute for Fiscal Studies attacks ‘worrying’ idea – amid fresh confusion over likely next PM’s plans for energy crisis

The Independent UK

Tax cuts pledged by Liz Truss and Rishi Sunak not possible without slashing spending, economists say

Institute for Fiscal Studies criticises Tory leadership contenders for failing to be upfront about economic crisis

The Independent UK

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Tory leadership tax cut promises ‘hard to square’ with UK’s future, experts warn

The Institute for Fiscal Studies said ‘permanent tax cuts’ could exacerbate pressures on the public purse.

The Independent UK

Educational disadvantage gap virtually unchanged in 20 years, says report

The pandemic has significantly worsened overall outcomes as well as widening inequalities, the Institute for Fiscal Studies said.

The Independent UK

Next PM must find 'many more billions' in energy bill help - as hikes branded 'inhumane'

Institute for Fiscal Studies (IFS) chief Paul Johnson said it was a 'mystery' why Tory leadership hopefuls were obsessing over tax cuts when the country was heading into recession

Daily Mirror

The Standard View: Recession warning lays bare the harsh realities facing the next Tory leader

Amid projections of higher inflation and a recession that could last more than a year, the Institute for Fiscal Studies has made one thing clear: whoever wins the Conservative leadership election will have to provide more support for households.

Evening Standard

Sunak defends taking money from deprived urban areas as he faces latest hustings with Liz Truss – as it happened

Candidates face Tory members in Eastbourne; former chancellor, who was filmed saying he tried to divert funds from ‘deprived urban areas’, says it was sensible

The Guardian - UK

Schools in England face funding crisis as costs soar, study warns

Institute for Fiscal Studies says spend per pupil set to be lower in 2025 than in 2010, with budgets already under strain from rises in food, energy and wage bills

The Guardian - UK

Hundreds of West Dunbartonshire families on benefits are being affected by two-child limit on payments

Institute for Fiscal Studies report, published last week, found that benefit cuts had pushed up child poverty levels prior to the Covid-19 pandemic, with families with three or more children seeing “substantially larger” increases.

Daily Record

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The Independent UK

Share of children in material deprivation ‘fell by a quarter before pandemic’

Relative child poverty rose over the same period, the Institute for Fiscal Studies found.

Wales Online

This is how much councils spend on each child's education in Wales

There is a £1,352 gap depending on where children go to school with 6.3% more budgeted for school spending across Wales

The Independent UK

Disabled benefits claimants ‘waiting months for £300m in delayed payments’

Disability benefit claims have risen steadily over the past three decades, the Institute for Fiscal Studies said.

Wales Online

Houses only cost £40,000 in today's money but less than half of people lived to 70 - life when Queen took the throne in 1952

There have been some fascinating changes in society - but house prices are more than six times what they were then

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The Independent UK

Platinum Jubilee generation ‘have seen huge changes over their lives’

The Institute for Fiscal Studies looked at how the lives of people who turn 70 this year have turned out, including their health and wealth.

Evening Standard

Poor households may face inflation rate of 14 per cent by this autumn

Poorer families will be disproportionately affected, according to the Institute for Fiscal Studies

Evening Standard

Cost of living crisis: Poorer households face even higher inflation, Institute for Fiscal Studies warns

Poorer households may face an eye watering inflation rate of 14 per cent, the influential Institute for Fiscal Studies has said, after the boss of energy regulator Ofgem warned bills will soar even higher this autumn.

The Independent UK

Report looks at how much it pays to get top university grades

The Institute for Fiscal Studies examined the financial benefits associated with different degree classifications.

Liverpool Echo

Martin Lewis shares four things you should check on your payslip immediately

As the new tax year kicks in and higher national insurance takes effect, he said there are four steps all households should make

Daily Mirror

Martin Lewis lists 4 money checks you need to do now and it involves your payslip

The advice came after the money expert admitted that he had almost exhausted his supply of conventional money-saving tools when it came to energy bills

The Guardian - UK

UK’s top 0.1% earners have annual income of over half a million, says IFS

Institute for Fiscal Studies report finds highest-paid earners benefit from lower tax rates open to business owners

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