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The Latest Breaking News from IFS

The amount spent on each child's education in Wales has barely risen in more than a decade

The average £7,000 per pupil spend is only around 3% higher than in 2010, new report shows

Wales Online

Calls for ‘major review’ to avoid pensioners not having enough money to live on during retirement years

The future looks "risky at best for many workers hoping for comfortable retirement".

Daily Record

Pensions are a costly problem – and we need to talk about them

There are serious inequalities in how Britons save for retirement and in the health of those who have retired. Why?

The Guardian - UK

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Britain’s missing workers

Since the pandemic, Britain has faced a novel difficulty. Official unemployment is at its lowest point since the 1970s: at 1.3 million people, or 3.8% of working-age adults.

The Week

Benefit cap introduction ‘saw claimants spend less on children and essentials’

The Institute for Fiscal Studies said only about 5% of capped households had an adult move into paid work as a direct result of the benefit cap.

The Independent UK

Future looks ‘risky at best for many workers hoping for comfortable retirement’

A fresh look at the UK’s retirement saving environment is long overdue, according to the IFS, which has launched a pensions review.

The Independent UK

Your next phone could feature an Arm chip made by Intel

Intel and Arm announced a partnership that will allow designers to build low-power chips through Intel Foundry Services. The agreement is a major boost to IFS, which is aiming to surpass Samsung.

Windows Central

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Intel Foundry and Arm to Collaborate on 1.8nm Mobile SoCs

Intel and Arm to cooperate on design technology co-optimization for Intel 18A node.

Tom’s Hardware

Falling energy prices mean Scotland faces higher deficit than rest of UK

Latest forecast suggests Scotland’s deficit could be close to £1,300 higher per person

Insider UK

Scotland's deficit to grow as oil and gas prices tumble

SCOTLAND’S budget deficit is forecast to grow because of falling oil and gas prices – sparking a warning from a top economist.

The National (Scotland)

State pension age: What has been announced and how will it affect people?

The Government plans to have a further review to reconsider plans for the state pension age to rise to 68.

The Independent UK

Almost one in four college teachers quit within a year after massive wage cut

The large fall in salaries is making worse the staffing crisis in institutions that teach vocational courses such as childcare. College teachers pay has dropped by 18% compared to 13% for those who work in schools

Daily Mirror

Seven in 10 pupils on universal credit ‘not eligible for free school meals’

Around 69 per cent of families entitled to universal credit in England are not eligible for free lunches

The Independent UK

Seven in 10 pupils on universal credit not eligible for free school meals – IFS

Families on universal credit are much more likely to be food insecure, according to researchers.

The Independent UK

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The Independent UK

Delaying planned increase in state pension age will cost more than £60bn, IFS warns

Government set to delay announcement until after next general election, reports suggest

Tom’s Hardware

Intel Appoints New Head for Foundry Business

Intel announced today that Stuart Pann will be the new head of its foundry business, and will attempt to accelerate its growth and rate of adoption by other customers.

AnandTech

Intel Leadership Shuffle: Stuart Pann in for IFS, Raja Koduri out for GPUs & off to AI Startup

In a combination of a press release and series of tweets from CEO Pat Gelsinger, Intel this afternoon has announced a pair of significant corporate leadership changes at the company, which will impact both their Intel Foundry Services (IFS) and graphics/accelerator business segments. In brief, IFS is getting new leadership,…

The Guardian - UK

Jeremy Hunt’s ‘bizarre’ ditching of pension limit ‘widens inheritance loophole for wealthy’

Institute for Fiscal Studies says the point of pensions is to fund retirement, not to bequeath large sums tax free

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The Guardian - UK

Jeremy Hunt’s ‘stealth’ income tax rise: here’s how it will affect you

Millions of Britons face paying basic or higher-rate tax for first time. We look at how much it will cost and what you can do

The Guardian - UK

Jeremy Hunt battling to justify pensions giveaway to the top 1%

Move will have no impact on NHS retention of doctors, say economic thinktanks

The Independent UK

‘Back to work’ pensions reform risks costing Treasury £100,000 a job, think tank warns

IFS says policy is ‘sledgehammer to crack a nut’

The Guardian - UK

Jeremy Hunt’s budget is a tough sell – except to the top 1%

Pensions tax-break for very wealthy contrasts badly with huge increases faced by basic and higher rate taxpayers

The Independent UK

Free childcare explained: Who gets it, when and what are you entitled to?

Jeremy Hunt has come under fire for the delay in the rollout of 30 hours of free childcare for under-5s

Evening Standard

Forget post-election tax cuts, we’re stuck in a lost decade, says IFS

The IFS has cast its eye over Jeremy Hunt’s Budget as millions of Britons face being dragged into paying more income tax

The Guardian - UK

Jeremy Hunt is helping rich instead of helping people into work, says thinktank

IFS says budget pensions giveaway could open up loophole for avoidance of inheritance tax

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