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The Latest Breaking News from IFS

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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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

The Independent UK

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.

Tom’s Hardware

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,…

AnandTech

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

The Guardian - UK

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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 Guardian - 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 Independent 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 Guardian - 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

The Independent UK

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

Evening Standard

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

The Guardian - UK

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The Independent UK

Jeremy Hunt’s ‘back to work’ Budget sees pension limits scrapped and free childcare extended

Labour says changes to pension pots will benefit ‘richest 1 per cent’

The Independent UK

Freezing fuel duty is a ‘political choice’ by Hunt, says IFS

The Institute for Fiscal Studies said the £6 billion could have funded an inflation-matching pay offer to public sector workers.

The Independent UK

Budget 2023: Jeremy Hunt reveals £11bn for defence spending

Brings UK military spending to 2.25% of GDP by 2025, says chancellor

The Guardian - UK

The Tories could raise billions in this budget and not spook the markets – but they haven’t got the guts

Rational reforms of our wildly unjust tax system could harvest huge sums, says Guardian columnist Polly Toynbee

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The Guardian - UK

Parents on universal credit may be allowed to claim more for childcare

Increase expected in spring budget, which could also mandate upfront childcare payments from DWP

The Guardian - UK

Two-thirds of UK women say childcare duties affected career progression

BCC says tackling barriers to work such as soaring childcare cost vital for a strong economy as well as equality

The Independent UK

Budget ‘could bring disability benefit reform to push people back to work’

Jeremy Hunt will reveal Spring Budget on 15 March as country battles soaring inflation, rising interest rates and high food prices

The Guardian - UK

Cost of living crisis prompting over-50s in UK to seek work, thinktank suggests

IFS says trend may ease pressure on labour market, but it is ‘no cause for wider celebration’ if it is triggered by people being poorer

Leeds Live

Leeds teachers 'haven't got much left' as they join huge rally and strike

Anita Smith, who has been teaching for 30 years, said "we're doing more with less every year"

The Guardian - UK

Cancelling fuel duty freeze could pay for public sector pay rise, says IFS

Tax and spending watchdog says pay rises would not cause inflation

The Independent UK

Jeremy Hunt can afford public sector pay rises at March Budget, says IFS

Ditching fuel duty freeze could pay for more generous settlement, suggests think tank

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