The Latest Breaking News from IFS

Cost of living payments failing to reach those in greatest need, IFS warns

The payments have helped alleviate significant deprivation but their effectiveness in poverty reduction has been limited, the IFS argued

The Independent UK · Jul 13, 2023

UK cost of living payments were ineffective sticking plaster, IFS says

Thinktank says nearly £19bn cost of scheme would have been better spent on raising value of benefits

The Guardian - UK · Jul 12, 2023

Lump-sum cost-of-living payments not targeted at those in greatest need – IFS

The payments have helped alleviate significant deprivation but their effectiveness in poverty reduction has been limited, the IFS argued.

The Independent UK · Jul 12, 2023

Axing tax breaks would have small effect on private school pupil numbers – IFS

The Labour Party has said it would end the tax exemptions enjoyed by private schools and use the revenue raised to help state schools.

The Independent UK · Jul 10, 2023

Economists debunk Tory claim that axing private school tax breaks would lead to exodus

The Institute for Fiscal Studies rejected Conservative Party warnings that removing tax perks would lead to large numbers of pupils moving into the state schools system

Daily Mirror · Jul 10, 2023

Tories' benefit cuts 'to push 100,000 into absolute poverty', report suggests

MORE than 100,000 people will be forced into absolute poverty by the UK Government’s £20 cut to Universal Credit in 2022-2023, according to…

The National (Scotland) · Jul 10, 2023

End to universal credit’s Covid top-up is fuelling rise in poverty, warns IFS

Pandemic’s £20 benefit uplift led to sharp fall in households living in poverty but replacement is far less effective

The Guardian - UK · Jul 9, 2023

Half of boomers and late Gen Xers who took early retirement during the first Covid wave have fallen into poverty

Researchers suggest around 390,000 of the 50 to 70-year-olds who retired in 2020-21 were forced to leave the workforce, as opposed to “retiring in comfort”.

Fortune · Jul 7, 2023

Older UK workers who retired early in pandemic were ‘forced into poverty’

Thinktank challenges view that those taking early retirement under Covid were relatively well off

The Guardian - UK · Jul 7, 2023

DWP Universal Credit claimants finding private rentals 'increasingly unaffordable'

A freeze on housing benefits means that the proportion of privately rented properties that people on the lowest incomes can afford has plummeted

Chronicle Live · Jun 27, 2023