All the updated news related to institute of fiscal studies

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£2 taken from households in ‘stealthy’ freezes for every £1 in tax cuts – IFS

Households will lose more from “opaque and stealthy” freezes over the next three years than they will gain from headline tax cuts on average, according to the Institute for Fiscal Studies (IFS). By 2025–26, the freezes will take away £2 for every £1 ...

06 Oct 2022 at 01:01

Tory candidates face hustings as Truss accused of wanting ‘devastating cuts’

The Tory leadership candidates face further hustings with voting party members, as frontrunner Liz Truss was accused of showing “her true colours” in an unearthed 2009 paper promoting vast government spending cuts. Ms Truss called for patients to ...

19 Aug 2022 at 11:17

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

Educational disadvantage gap virtually unchanged in 20 years, says report

The gap between disadvantaged children and their peers has seen “virtually no change” in two decades and the coronavirus pandemic has “significantly worsened overall outcomes”, a damning report has found. Sixteen year-olds who are ...

16 Aug 2022 at 01:01

Tory candidates warned over tax cut pledges amid worsening economic outlook

Both Tory leadership candidates were forced on Thursday to confront a stark report from economists warning of the danger tax cuts could pose to the public purse. Frontrunner Liz Truss and rival Rishi Sunak, who have repeatedly ...

18 Aug 2022 at 10:54

‘Legitimate’ to consider overhaul of future Tory leadership elections – Cleverly

The Tory leadership contest should be “wrapped up quickly” and future leadership election processes could be reviewed to hasten them, a minister has suggested. James Cleverly said it would be “legitimate” to review how future ...

18 Aug 2022 at 11:34

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 ...

18 Aug 2022 at 01:01

‘Only the very richest’ in Britain will see incomes grow, tax cut analysis says

The Chancellor’s huge package of personal tax cuts amid a cost-of-living crisis will do nothing to stop more than two million people falling below the poverty line, according to a think tank. Analysis of Kwasi Kwarteng’s ...

24 Sept 2022 at 06:00

Tories have not had a clear run at government over last decade, says Truss ally

A Cabinet minister and Liz Truss ally has admitted that his Government’s tax cuts are not “risk-free” as he argued that the Conservatives have not had a “clear run” in power over the last decade. All eyes are on the ...

22 Sept 2022 at 00:22

Truss’s plans for tax cuts ‘a gamble at best’, says IFS

Liz Truss’s plans for swingeing tax cuts alongside a massive Government support package to cap soaring energy bills risks putting the public finances on an “unsustainable path”, a leading economic think tank has ...

21 Sept 2022 at 19:00

Average earners £500 worse off despite Government aid say economists

Most people will be left worse off this year despite the massive package of Government support to deal with the cost of living crisis, a leading economic think tank has warned. The Institute for Fiscal Studies ...

22 Sept 2022 at 13:04

Kwarteng package has ‘biggest tax cuts since 1972’, says leading economist

Kwasi Kwarteng has presided over the biggest tax cut in 50 years, according to one expert analysis, as the Chancellor announced one of the largest tax giveaways in decades. Friday’s fiscal event, billed as a ...

23 Sept 2022 at 13:10

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