All the updated news related to institute of fiscal studies

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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 finance workers in ...

04 May 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 £30,...

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 on the public purse, ...

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 “definitely” has a chance of ...

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 cut taxes across the board, ...

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 proposals for a six-month freeze ...

26 Aug 2022 at 11:44

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 told MPs on Wednesday that she and ...

19 Oct 2022 at 16:32

Broken funding systems for public services ‘preserve geographic inequalities’

Broken funding systems for public services that are not set up to tackle geographic inequalities are putting the “levelling up” agenda at risk, a leading economic think tank has warned. Reforming these systems to boost funding for ...

20 Oct 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 years to £3.75 ...

11 Nov 2022 at 01:01

‘Households will get poorer’ even if energy bills frozen, economists warn MPs

Households “will be getting poorer” over the coming months even with further financial support to freeze Britons’ energy bills, economists have warned. Economists and experts told ministers at the Business, Energy and Industrial ...

06 Sept 2022 at 13:37

Many benefits recipients will be worse off until April 2025, IFS warns

Many people on benefits will be worse off until 2025 due a failure in payments keeping up with inflation, a think tank has said. The annual uprating of benefits in April will “merely take them back to around the real level they ...

22 Feb 2023 at 00:01

Number of people in poverty in UK back to pre-pandemic levels

The number of people living in poverty in the UK has almost returned to pre-pandemic levels, with a children’s charity accusing the Government of knowing what help is needed but choosing not to give it. A total of 14.4 million ...

23 Mar 2023 at 11:24

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