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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

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

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

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 years to £3.75 ...

11 Nov 2022 at 01:01

Government to push on with tax cuts as pound hits all-time low against dollar

Downing Street has signalled that it will push ahead with its massive package of tax cuts even as the pound plunged to an all-time low against the US dollar amid hammered market confidence in the Government’s economic plans. ...

26 Sept 2022 at 15:49

Pound falls to all-time low against US dollar amid fears over UK tax cut plans

The pound has plunged to an all-time low against the US dollar amid hammered market confidence in the Government’s economic plans after the Chancellor last week unveiled the biggest tax cuts in 50 years and signalled more ...

26 Sept 2022 at 12:10

Pound falls to all-time low as Kwasi Kwarteng hints further tax cuts on way

The pound has slumped to its lowest level against the dollar since decimalisation in 1971, after the Chancellor hinted more tax cuts would follow those he announced last week. Sterling fell by more than 4% to just 1.0327 ...

26 Sept 2022 at 08:22

Truss defends tax cuts in pursuit of ‘decade of dynamism’

Liz Truss has vowed to “usher in a decade of dynamism” as she defended her Government’s controversial raft of tax cuts amid criticism it disproportionately benefits the rich. Labour accused the Prime Minister and ...

24 Sept 2022 at 21:12

Government dismisses criticism of tax cuts as ‘politics of envy’

The Government is not concerned about the “politics of envy”, a Treasury minister said as its raft of tax cuts came under fire for disproportionately benefiting the rich. Labour accused Prime Minister Liz Truss ...

24 Sept 2022 at 17:29

Scotland

Falling energy prices mean Scotland faces higher deficit than rest of UK – IFS

Scotland’s deficit could be about £1,300 per person higher than the UK as a whole due to the impact of falling oil and gas prices, according to analysis. The Institute for Fiscal Studies (IFS) think tank said ...

03 Apr 2023 at 20:06

Tax hikes or spending squeeze needed to end public sector pay disputes – IFS

Tax hikes or spending cuts would be needed for the Government to end public sector pay disputes and crippling strike action despite the UK being on course to borrow more than £30 billion less than forecast ...

28 Feb 2023 at 00:01

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