All the updated news related to institute of fiscal studies

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Sunak ‘anxious’ about cost of living but defends ‘substantial’ help

Rishi Sunak has been accused of “gaslighting” the country over the cost of living crisis as he repeatedly declined to rule out launching a bid to lead the Conservative Party. The Chancellor has defended the package of measures he announced in his ...

25 Mar 2022 at 00:25

Government under pressure from Labour and economists on cost of living squeeze

Households are set to be £2,620 worse off due to the cost of living squeeze facing the country, Labour will say on Thursday. New analysis from the party – as it launches its local election campaign – comes as the Prime Minister is under ...

31 Mar 2022 at 01:25

City

Economists voice surprise at lack of support for poorest families from Sunak

Senior economists have reacted with surprise at the Government’s decision not to raise benefits in last week’s spring statement, MPs have been told. The Treasury Select Committee were told that Chancellor Rishi Sunak’s measures will ...

30 Mar 2022 at 17:25

Pay surge for City workers fuels new rise in earnings inequality, says IFS

Pay for finance workers has surged during the pandemic and continued to widen the gap in earnings inequality, according to new figures. New analysis by the Institute for Fiscal Studies (IFS) found that mean monthly pay among ...

04 May 2022 at 01:25

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 ...

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 ...

11 Mar 2022 at 01:25

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

Promises of tax cuts made by the Conservative leadership candidates are looking increasingly implausible, experts have warned. The Institute for Fiscal Studies (IFS) said “permanent tax cuts” could exacerbate pressures ...

18 Aug 2022 at 01:01

Sunak says he has ‘shot’ at being PM despite polls putting Truss well ahead

Rishi Sunak has insisted he still has a “shot” at being the next prime minister despite polls consistently putting Liz Truss as clear favourite to win the Tory leadership contest. The former chancellor said he ...

18 Aug 2022 at 14:55

Tax cut pledges of Tory leadership candidates are ‘not serious’, say experts

Conservative leadership candidates’ promises of large tax cuts are “not serious”, experts have said. Candidate setting out their stalls for Conservative MPs and members this week have focused on promises to ...

11 Jul 2022 at 15:19

Labour ‘underestimating cost of freezing energy bills by up to £8bn’

Labour appears to have underestimated the price of its plan to ease the cost-of-living crisis by up to £8 billion, analysis suggests. Earlier this month, the party’s leader Sir Keir Starmer announced ...

26 Aug 2022 at 11:44

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 ...

31 May 2022 at 01:01

Liz Truss ‘committed’ to pensions triple lock after anger over possible ditching

Liz Truss has insisted she is “completely committed” to the triple lock on state pensions just a day after Downing Street triggered a backlash by indicating it could be ditched. The Prime Minister ...

19 Oct 2022 at 16:32

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