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The Latest Breaking News from IFS

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

The Independent UK

We should celebrate Labour’s good news on nurseries – but it needs to be bolder

Funding schools to set up nurseries works. Why spend more on older children, when we know spending earlier is most effective, asks Guardian columnist Polly Toynbee

The Guardian - UK

Is this the new austerity? What the numbers say

With the chancellor announcing around £4.8 billion of cuts to welfare spending over the next five years, Alicja Hagopian looks at whether the UK is returning to the austerity policies of ther 2010s

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Starmer says Government record shows ‘mindset’ opposed to tax rises

The Prime Minister said he would not ‘write future budgets’ ahead of time.

The Independent UK

Reeves could tax pensions and wealth if economy worsens, says IFS

Chancellor may have to reconsider pledge not to raise taxes in light of ‘risky and changing world’, thinktank says

The Guardian - UK

Reeves on a double knife edge as she could be forced to order ‘blockbuster’ tax rises, say experts

Critics said her future as chancellor is under threat as a result of errors she has made since taking charge of the economy last year

The Independent UK

Think tank forecasts lower-income households to be £500 a year worse off by 2030

Rachel Reeves has received criticism from unions and political opponents after she cut welfare and squeezed Whitehall budgets in her spring statement.

The Independent UK

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Reeves vows not to shy away from economic challenges amid statement criticism

The Chancellor warned there would be ‘no quick solutions’ to fix Britain’s financial woes.

Evening Standard

Spring statement will lead to six months of ‘damaging speculation’, IFS warns

The Institute for Fiscal Studies said Rachel Reeves’ adherence to fiscal rules will lead to speculation about tax hikes in the autumn budget.

The Independent UK

Tax rise warning for millions as Rachel Reeves refuses to rule out Autumn Budget raid after Spring Statement

The Chancellor said to be at the ‘mercy of events’ by not building up a bigger fiscal cushion

Evening Standard

Wealth tax almost impossible to implement, leading economist warns

‘No country in the world has ever successfully had a wealth tax’, IFS director Paul Johnson told The Independent

The Independent UK

How Covid changed the British state

Surge in national debt and NHS backlog altered the economy and expectations around crisis management

The Guardian - UK

Starmer unlikely to fulfil pledge on hospital waiting times, says IFS

Thinktank predicts PM will not realise ambition for 92% of patients in England to wait less than 18 weeks for planned care by 2029

The Guardian - UK

NHS 18-week waiting time target ‘unlikely’ to be met, research suggests

The Government has outlined its ambition to ensure 92% of patients receive care within 18 weeks by the end of Parliament in 2029.

The Independent UK

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The National (Scotland)

Rachel Reeves to announce biggest spending cuts 'since austerity'

Rachel Reeves is set to unveil the biggest spending cuts "since austerity" in next week's Spring Statement ...

The Guardian - UK

Reeves to reveal biggest UK spending cuts since austerity in spring statement

Labour MPs uneasy as chancellor prepares even deeper reductions that economists say will harm key services

The Guardian - UK

Wednesday briefing: The devastating toll of Labour’s disability welfare cuts

In today’s newsletter: what chance does a backbench rebellion have of shifting the government’s plans to cut benefits?

The Fashion Central

Millions Face £1,200 Benefit Cut as Rachel Reeves Pushes ‘Brutal’ Welfare Overhaul

Millions of disabled and long-term sick claimants could see their benefits slashed by as much as £1,200 a year as Rachel Reeves pushes ahead with major welfare cuts.

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Evening Standard

What changes have been announced to the benefits system?

Some elements of the reforms have been welcomed and others criticised.

The National (Scotland)

Shocking figures reveal extent of Labour's cuts to disability benefits

AROUND 900,000 people on Universal Credit and 1.2 million claiming PIP could cost up to 1.2 million people between £2400 and £6300 per year from…

The Independent UK

Sick and disabled face being stripped of £1,200 a year each in welfare benefits as Reeves tries to balance Budget

As the OECD downgraded British growth forecasts, chancellor Rachel Reeves is still arguing over details of benefits cuts ahead of a major statement in the Commons

The Guardian - UK

Mental ill-health is behind soaring disability benefits bill in England and Wales, report says

Institute for Fiscal Studies says half of the rise in working-age people claiming the benefit last year is linked to mental health

The Independent UK

Rachel Reeves budget: What’s in and out of chancellor’s ‘austerity 2’ spring statement

News analysis: In less than three weeks Rachel Reeves will deliver her spring statement to the country - an event which is already shaping up to being a second Budget

The Independent UK

Reeves to be forced into fresh tax hikes or austerity drive by faltering economy, top economists warn

Rachel Reeves is warned it will be tough to find extra money for defence spending without raising taxes

Evening Standard

Chancellor could have to break one annual fiscal event commitment – experts

The Chancellor will deliver a statement on March 26 in response to the latest forecast from the budget watchdog.

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