All the updated news related to ifs

All the news related to ifs updated in real time

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Covid home delivery boom opened lower-paid jobs, report finds

25 Apr 2022 at 01:25

Personal Finance

Tax rise due to be £12.5bn bigger than expected amid inflation surge, says IFS

The tax impact of a freeze on income tax thresholds is set to be much bigger than was previously thought amid surging living costs, according to a think tank. Tax thresholds often increase in line with inflation, but last year Chancellor Rishi ...

16 Mar 2022 at 17:55

Number of people in poverty fell during first year of pandemic

The number of people in the UK living in poverty fell during the first year of the coronavirus pandemic, figures show, but experts warn that the axing of Government support and rising inflation are pushing many back over the brink. A total of ...

31 Mar 2022 at 14:55

Student loan changes will hit lower earners hardest, experts warn

Changes to student loan payments will hit lower-earning graduates hardest, experts have warned. Ben Waltmann, senior research economist at the Institute for Fiscal Studies (IFS) said changes which will see graduates start paying their loan ...

24 Feb 2022 at 15:55

City

Chancellor faces choice between borrowing or huge hit to households, say experts

The Chancellor faces a “huge judgment call” on whether to borrow billions more or allow households to face what could be the biggest hit since the 1970s, experts have said. The cost of living is set to soar this year, not least due to the ...

10 Mar 2022 at 01:25

Government teacher pay plans risk real terms cut for experienced teachers

The Government’s plans to increase teacher pay could lead to a cut in real terms, according to new analysis. Last week, the Government called for teacher starting salaries to rise by over 16% over the next two years, to bring them up to ...

11 Mar 2022 at 01:25

Funding is key issue for levelling up, say analysts

The Levelling Up White Paper is “a step in the right direction” but could struggle to reverse the past decade of cuts without adequate funding, analysts have said. The White Paper, published on Wednesday after numerous delays, set out ...

02 Feb 2022 at 17:26

City

Low earners ‘more likely to work for longer due to rising state pension age’

Low earners are more likely to respond to the rising state pension age by working for longer than those who are better off, research has found. Combined, 65-year-olds are working an additional 1.8 million hours per week due to the ...

25 Jan 2022 at 01:26

Time to look at energy consumption amid soaring bills, says Chancellor

Households need to look at how they are using energy, the Chancellor suggested amid calls for urgent Government intervention to tackle soaring bills. It comes as outgoing prime minister Boris Johnson predicted a “tough” few ...

26 Aug 2022 at 20:22

Scotland

Scots face ‘difficult financial position’ amid IFS tax warnings – Kate Forbes

Finance Secretary Kate Forbes has said Scotland faces a “very difficult financial position” over the next few years amid rising tax warnings from leading economists. Ms Forbes said laying out Scotland’s spending priorities ...

29 May 2022 at 01:01

Scotland

Finance Secretary to set out spending review at Holyrood

Finance Secretary Kate Forbes is due to set out her resource spending review, the first time the Scottish Government has published a multi-year programme since 2011. It comes after the Institute for Fiscal Studies (IFS) ...

31 May 2022 at 01:01

Early years facing 8% fall in funding by 2024, warns IFS

Early years funding is likely to fall in real terms by 8% to 2024, according to the Institute for Fiscal Studies. In a new report, the think tank warns that while the early years budget is due to rise in the coming ...

11 Nov 2022 at 01:01

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