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The Latest Breaking News from IFS

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

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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

Reform hits out at IFS analysis of Scottish tax plans

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

Evening Standard

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 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

The Independent UK

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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

The Independent UK

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

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

Sports Illustrated

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

Blues have been without a principal sponsor so far this season

Evening Standard

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 Independent 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

The Guardian - UK

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The Independent UK

What to know about student loans controversy as graduates left worse off

The Institute for Fiscal Studies (IFS) found that those on Plan 2 loans face repaying around £3,000 more on average

Evening Standard

Student loan term tweaks leave some people thousands of pounds worse off – study

Repayment terms on Plan 2 loans have caused controversy, with some people describing them as a ‘stealth tax’.

The Independent UK

NHS staff career progression linked to regional wealth, report says

IN FULL

The Independent UK

NHS support staff in affluent areas benefit from more career opportunities, report finds

Analysis showed workers in the South East were almost twice as likely to move into a registered position than those in the North East

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Evening Standard

Reform’s tax plans for Scotland would require ‘difficult decisions’, experts say

The proposals would see tax bands realigned with the rest of the UK as well as a 1p-in-the-pound cut immediately.

The Guardian - UK

‘Crunch time’ on rising costs of Send provision in England, says thinktank

IFS says system failing to deliver for those who need it and ministers face stark choices with white paper imminent

Motorsport

Cadillac F1 announces official technology partner ahead of 2026 debut

Cadillac has named IFS as its official technology partner ahead of its 2026 Formula 1 debut

Newslaundry

‘Disastrous’: Modi govt allows commercial plantations in forests, drops safeguards

In a move that further weakens India’s forest conservation laws, the Ministry of Environment, Forests and Climate Change (MoEFCC) is all set to open up forests for commercial plantations by private and government entities without the requirement of a one-time monetary compensation, called net present value (NPV), and compensatory afforestation.…

The Independent UK

Six councils granted power to raise council tax without needing to consult residents

The Institute for Fiscal Studies (IFS) has estimated that Wandsworth and Westminster councils would need to hike council tax by as much as 75 per cent to balance the books in the wake of government reforms

The Guardian - UK

Radical Reeves? The chancellor’s mansion tax is a small but brave step forward

The high-value council tax surcharge may only raise £400m but it’s the best opportunity for a bigger, fairer tax on wealth

The Independent UK

Reeves accused of misleading public on Budget black hole to justify £26bn tax raid

Badenoch claims chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’

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