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The Latest Breaking News from IFS

You can’t trick the markets with extra borrowing, experts and former chancellor warn Burnham

Former Conservative chancellor Phillip Hammond told The Independent that the bond markets ‘will see straight through this ruse and price UK debt up accordingly’

The Independent UK

'It's Only £3 a Month': Why Some Britons Say Burnham's Energy Tax Cut Doesn't Go Far Enough

Andy Burnham's VAT cut on electricity bills aims to ease the cost-of-living crisis, saving UK households £45 annually. Critics argue the relief is minimal amidst rising expenses.

International Business Times UK

What will Andy Burnham’s VAT cut on electricity bills mean for you?

New prime minister is implementing immediate tax cut to help ease cost of living pressures for British households

The Guardian - UK

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Pronatalists Want To Boost Fertility With Blue Laws and Government-Enlisted Fertility Influencers

The Institute for Family Studies wants to increase America's birth rate. Some of its ideas are a little far out.

Reason

Who is Krishna Mohan? Former IFS officer appointed interim general secretary of Ayodhya Ram Temple Trust

Krishna Mohan has been appointed interim general secretary of the Trust. He aims to restore public confidence and address recent controversies. Wrongdoers will face legal action through due process. Weaknesses in administrative systems will be identified and corrected. The Trust will ensure donations are used for stated objectives.

The Economic Times

One in four graduates will lose financially from going to university, IFS estimates

Degrees still mostly boost lifetime pay, thinktank says, but those completing creative qualifications may end up worse off

The Guardian - UK

One in four graduates are worse off because they went to university, government’s own report says

One in ten male graduates face losing out to the tune of more than £90,000, according to the report, as minister tells those thinking about university ‘choose carefully’

The Independent UK

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Hafta letters: Questions for PM, 2029 elections, digital media’s reach

Vijay

Newslaundry

Ministers may have to ‘pare back’ on election promises or make ‘trade-offs’

The Institute for Fiscal Studies issued the warning to the SNP in the wake of its recent Holyrood election win.

Evening Standard

Intercorp Financial Services Q1 Earnings Call Highlights

Intercorp Financial Services (NYSE:IFS) reported a record first-quarter 2026 profit as stronger banking profitability, double-digit growth in insurance and wealth management, and lower credit costs helped lift returns above prior expectations. Chief Executive Officer Luis Felipe Castellanos told in

MarketBeat

Scotland’s political parties accused of ‘lack of realism’ over manifesto plans

The Institute for Fiscal Studies said the parties running in the Holyrood election did not appreciate ‘just how tough the fiscal challenges will be’.

Evening Standard

What the parties promise Welsh voters on the NHS, schools, childcare and tax

Labour, Plaid Cymru, Reform, the Greens, the Tories and the Lib Dems set out competing plans but offer little detail on how they would pay for them

The Guardian - UK

Higher-income households benefited most from Help to Buy, thinktank finds

Analysis by IFS shows George Osborne’s mortgage schemes launched in 2013 had little effect on social mobility

The Guardian - UK

Firms with more women in top roles more likely to dismiss abusive men, study finds

IFS analysis also finds male-managed companies were more likely to have victim of abuse leave company

The Guardian - UK

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Evening Standard

Reform hits out at IFS analysis of Scottish tax plans

The IFS said the party’s tax plans were ‘not credible’.

The Independent UK

Starmer’s new £1bn youth unemployment plan risks doing little for those not forced to search for work

The Institute for Fiscal Studies’ verdict comes after work and pensions secretary Pat McFadden set out scheme to encourage employers to hire young people

The Economic Times

Civil services exam topper Anuj Agnihotri scores 52.88 per cent; UPSC discloses final marks

Anuj Agnihotri from AIIMS Jodhpur secured the top rank in the UPSC civil services examination 2025. He achieved 1,071 marks. A total of 958 candidates qualified for prestigious services like IAS, IFS, and IPS. The examination process involved preliminary, main, and personality test stages. Rajeshwari Suve M and Akansh Dhull…

The Independent UK

Britain’s economic growth to be weakest in a century outside of pandemic and WWII, think tank warns

The UK’s top two economic think tanks – the Resolution Foundation and the Institute for Fiscal Studies – have issued dire warnings over economic growth and borrowing a day after Rachel Reeves delivered her spring statement

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The Independent UK

UK faces tax hikes or cuts to public services in bid to hit defence spending target, IFS warns

IFS director Helen Miller said: ‘The takeaway is that we should not expect the Government to be able to meaningfully increase what we spend on defence’

The Independent UK

Labour’s immigration crackdown could force Reeves to raise taxes, leading economists warn

Chancellor warned that sharper than expected fall in net migration risks hurting economic growth and tax revenues

The Independent UK

Experts issue taxes warning over government immigration policy

IN FULL

Sports Illustrated

Chelsea Finally Find New Shirt Sponsor—But There’s a Catch

The Blues will wear their new sponsored shirts against Burnley on Saturday.

Evening Standard

Chelsea reveal new front-of-shirt sponsor as multi-year deal confirmed

Blues have been without a principal sponsor so far this season

The Independent UK

Reeves is warned her ‘dysfunctional’ policy on fiscal rules is hindering the economy

Chancellor’s approach likened to ‘watching speedometer while ignoring whether brakes are working’

The Guardian - UK

Starmer’s options in funding a further defence spending rise would be limited

Competing domestic priorities, Treasury borrowing limits and already nervous lenders are among the many obstacles

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