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The Latest Breaking News from IFS

Labour and Tories ‘avoiding reality’ of sharp spending cuts after general election, says think-tank

The Institute for Fiscal Studies (IFS) criticised the current fiscal rules which are ‘arbitrary and gameable’

The Independent UK

Respected think tank says Labour and Tories 'avoiding spending cuts reality'

BOTH Labour and the Conservatives are “avoiding the reality” that their plans lock them into “sharp” spending cuts after the election, a…

The National (Scotland)

English pupil funding at same level as when Tories took power, study finds

Real-terms funding per pupil at 2010 levels, teacher pay at 2001 levels, and building investment 25% below mid-2000s

The Guardian - UK

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U.K. millennials will probably never see same income boom as elders, study shows

Income growth in the U.K. slowed massively after the financial crash, while it sped up in countries like the U.S. and Germany.

Fortune

Election blow for Sunak as IFS says Tories oversaw ‘worst income growth for generations’

A damning new report has laid bare more then a decade of languishing living standards under successive Conservative governments

The Independent UK

Labour and Conservatives ‘misleading’ voters on tax and spending plans, top economist warns

Exclusive: As a war of words continues on whether Keir Starmer or Rishi Sunak would rule out a VAT hike, a top economist tells The Independent that both men are being dishonest with voters about the country’s finances

The Independent UK

Delhi Zoo sets up, water sprinklers, pools for animals amid increasing heat

As the temperature is rising day by day, special arrangements like water coolers, water pools and sprinkles among others are made for animals in Delhi's National Zoological Park. Read further on Dynamite News:

Dynamite News

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Labour and Conservatives rule out VAT hikes amid row over tax plans

The chancellor accused Labour of secretly planning to raise VAT, while Labour accused the Conservatives of having a £71bn hole in their spending plans

The Independent UK

Tory national service policy would leave UK’s poorest areas worse off, IFS warns

Thinktank says proposal to pay for scheme by scrapping shared prosperity fund would downgrade efforts to level up country

The Guardian - UK

Rishi Sunak wakes up to election trouble in Cornwall over national service funding

Plan to conscript 18-year-olds depends on scrapping a national levelling-up fund that benefits Cornwall and Wales

Evening Standard

What are Labour’s plans for ending tax breaks for private schools?

Party policy is to add standard 20% rate of VAT to school fees and use funds raised to pay for more state teachers

The Guardian - UK

Reality check: can Treasury afford pledge to raise tax-free pension allowance?

We look at whether the Conservative pledge for a ‘triple lock plus’ can really be paid for by cracking down on tax avoidance

The Guardian - UK

No budget until September if Labour wins election, says Reeves

Shadow chancellor insists no additional tax rises will be needed beyond ones already announced by the party

The Guardian - UK

General Election 2024: What are the key Labour and Conservative manifesto policies?

Rishi Sunak has called a snap general election for July

The Independent UK

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The Guardian - UK

NHS spending rise lags behind Tory funding pledges, IFS finds

Thinktank says extra funding eaten up by higher inflation despite greater demand with service in poor state of repair

The Guardian - UK

Sunak’s disability benefit plans are familiar culture war fodder

The prime minister’s speech on cracking down on ‘sicknote culture’ was heavy on rhetoric but light on evidence and detail

Evening Standard

Jeremy Hunt gets £12billion more 'headroom' so could slash another 2p off National Insurance, says IFS

But the leading economists warn against the move as public services desperately need more funding

The Guardian - UK

Senior Labour figures call for ‘life-transforming’ Sure Start policy

Gordon Brown and three former education ministers say New Labour’s acclaimed early-years programme benefited millions

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The Guardian - UK

UK Covid takeaway habits endure as fast food calorie intake remains high

Study shows delivery apps such as Deliveroo and Just Eat still popular after pandemic boom in orders

The Hindu

Archana Kalyani, IFS, passes away

Remembering the late IFS officer Archana Kalyani, known for her fighting spirit and dedication to environmental conservation.

The Guardian - UK

Pupils in Wales perform only as well as disadvantaged children in England – IFS

Improving schools is first challenge for new first minister, Vaughan Gething, as IFS study shows lower attainment is not due to poverty

The Guardian - UK

The Guardian view on nurseries: build playgrounds for toddlers, not investors

Editorial: Opaque ownership structures and bumper profits point to an early years sector gone wrong

The Guardian - UK

Sunak warned unfunded axing of national insurance would harm services

Economists say making the policy an election pledge could cost £40bn, which is badly needed for health, education and elsewhere

The Guardian - UK

IFS warns of Labour and Tory ‘conspiracy of silence’ over future tax and spending plans

Toughest outlook for public finances for 80 years means next government must find tens of billions in cuts or tax rises, says leading thinktank

Evening Standard

Hunt’s £20 billion Budget shortfall leaves scrapping national insurance for the birds, warns the IFS

Top economist Paul Johnson says both Tories and Labour need to be more transparent about painful choices ahead

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