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The Latest Breaking News from the Institute for Fiscal Studies

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

Jeremy Hunt warned not to spook markets with unfunded budget tax cuts; US consumer confidence drops – as it happened

Rolling coverage of the latest economic and financial news, as ING warn the pound could fall by 2% if chancellor misreads the mood of bond investors

The Guardian - UK

What time is the Autumn Statement and what will Jeremy Hunt unveil?

Jeremy Hunt is set to deliver the Autumn Statement on Wednesday

The Independent UK

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Autumn Statement: What time is it and what will Jeremy Hunt unveil?

Jeremy Hunt is set to deliver the Autumn Statement on Wednesday

The Independent UK

Autumn statement: where might Jeremy Hunt spend his windfall?

The chancellor is estimated to have billions to play with and has a range of options from lowering income tax to cutting inheritance tax

The Guardian - UK

Hunt warns of ‘difficult decisions’ on benefits but mulls inheritance tax cut

The Chancellor is being urged by northern Tories to focus on the lower paid with tax cuts instead of the wealthiest in the autumn budget.

The Independent UK

Jeremy Hunt hints at what’s in Autumn Statement amid inheritance tax and benefits cuts row

Chancellor could cut inheritance tax in Wednesday's Autumn Statement

Evening Standard

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Hunt warns of ‘difficult decisions’ on benefits as he mulls inheritance tax cut

The Chancellor could also cut taxes on businesses in Wednesday’s autumn statement.

The Independent UK

Study finds official statistics fail to capture scale of poverty and inequality

The Institute for Fiscal Studies said some key deprivation data produced by the Government is unreliable.

The Independent UK

Exhausted, but still cruel, the Tories continue to detach themselves from ordinary voters

Jeremy Hunt may freeze benefits yet again. Is tightening that screw a vote winner? No longer, says Guardian columnist Polly Toynbee

The Guardian - UK

OPINION - 2019-2024: The tax-raising-est parliament on record

Sometimes, the headline from a think tank report can be so cryptic you have to call up the press office to ask what exactly they meant by it. But not this one. The Institute for Fiscal Studies (IFS) has published a paper titled: This will be the biggest tax-raising parliament…

Evening Standard

Triple lock increases state-pension spending by £11bn a year – analysis

The Institute for Fiscal Studies said financial support to pensioners was greater as a result of the safeguard.

The Independent UK

Tax cuts would put ‘scary’ UK finances in greater danger, warns top economist

Paul Johnson, of the Institute for Fiscal Studies, issues plea for honesty from Labour and the Conservatives about tax and spending choices ahead of election

The Guardian - UK

North Sea decline causing 'slower growth' in Highlands, Islands and North East

A REPORT has found there has been “slower growth” in employment and earning levels in Scotland since 2014.

The National (Scotland)

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The Independent UK

Scotland has had ‘slower growth’ in employment and wages since 2014, report says

Scottish Liberal Democrat economy spokesperson Willie Rennie MSP said the SNP must get serious about ending ‘depressed economic performance’.

Nottingham Post

Universal Credit £25 boost for millions every week under new plans submitted to DWP

More help could be on the way

Chronicle Live

DWP Universal Credit £25 boost for millions every week under fresh plans

'Devastating cuts' to Universal Credit have been ordered to be reversed, with the DWP also urged to put a new payment uplift in place which would apply to legacy benefits

Daily Mirror

Economists debunk Tory claim that axing private school tax breaks would lead to exodus

The Institute for Fiscal Studies rejected Conservative Party warnings that removing tax perks would lead to large numbers of pupils moving into the state schools system

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Insider UK

Scottish Government outlines 'a different way of working with business'

The New Deal for Business Group makes its recommendations to the First Minister

Wales Online

Huge changes for council tax in Wales are to go ahead

The changes are set to be implemented by April 2025

The Independent UK

Benefit cap introduction ‘saw claimants spend less on children and essentials’

The Institute for Fiscal Studies said only about 5% of capped households had an adult move into paid work as a direct result of the benefit cap.

Evening Standard

OPINION - The Standard View: If we want more teachers, it must pay a decent wage

A good teacher is worth their weight in gold. A decent wage, meanwhile, is vital for recruitment and retention. Yet pay has been falling. Salaries for more experienced teachers in England have dropped by 13 per cent in real terms since 2010, according to the Institute for Fiscal Studies.

Daily Record

New planned review of State Pension age could see retirement rise to 68 as early as 2036

The planned rise from 66 to 67 will go ahead between 2026 and 2028.

The Independent UK

Freezing fuel duty is a ‘political choice’ by Hunt, says IFS

The Institute for Fiscal Studies said the £6 billion could have funded an inflation-matching pay offer to public sector workers.

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