The Latest Breaking News from IFS

Hunt refuses to rule out shock income tax cut amid warnings of revolt if budget favours rich

Red wall Tory MPs warn inheritance tax cut would be ‘odd priority’ and viewed as handout for the rich – as chancellor appears to switch focus

The Independent UK · Nov 19, 2023

Jeremy Hunt faces red wall revolt if he delivers ‘a budget for the rich’

The chancellor’s potential inheritance tax cut in Wednesday’s budget would aid millionaires amid a cost of living crisis

The Guardian - UK · Nov 18, 2023

Study finds official statistics fail to capture scale of poverty and inequality

The Institute for Fiscal Studies said some key deprivation data produced by the Government is unreliable.

The Independent UK · Nov 17, 2023

UK economy in ‘horrible’ bind with no room for tax cuts as recession looms – IFS

Britain is heading towards a recession next year as borrowing costs stay elevated, the IFS warned in its latest Green Budget.

The Independent UK · Oct 16, 2023

Rising costs faced by schools in England growing faster than inflation – IFS

School spending per pupil will ‘largely stagnate in real terms’ when costs likely to be faced by schools are taken into account, a report says.

The Independent UK · Oct 4, 2023

Hunt’s speech pleases Tory faithful but is unlikely to resonate with voters

Cost of living crisis, rising unemployment and extended NHS waiting times will determine government’s chances in general election

The Guardian - UK · Oct 2, 2023

Hunt tries to calm Tory rebels by pledging end to ‘vicious circle’ of tax rises

Liz Truss joins rebels in vowing to vote against any tax rise in Hunt’s mini-Budget

The Independent UK · Sep 30, 2023

OPINION - 2019-2024: The tax-raising-est parliament on record

Sometimes, the headline from a think tank report can be so cryptic you have to call up the press office to ask what exactly they meant by it. But not this one. The Institute for Fiscal Studies (IFS) has published a paper titled: This will be the biggest tax-raising parliament…

Evening Standard · Sep 29, 2023

Axing most winter fuel payments would break Tory manifesto promise, says Labour – as it happened

Sky reports Sunak is considering removing the winter fuel allowance – worth between £250 and £600 this winter – from most pensioners

The Guardian - UK · Sep 29, 2023

UK Treasury minister defends tax plans in face of biggest rise on record

Andrew Griffith says government will stick to spending proposals despite growing pressure to cut taxes

The Guardian - UK · Sep 29, 2023