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The Latest Breaking News from IFS

Budget overstated public spending increases, says think tank

The Institute for Fiscal Studies said £1.3 billion of in-year spending rises were not included in the Scottish Government’s figures for this year.

The Independent UK

Council leaders unite to condemn 'massive cuts' in Scottish Budget

EVERY one of Scotland’s 32 council leaders has backed a motion calling the Scottish Budget a “massive real-terms cut in councils’ core…

The National (Scotland)

NHS treating fewer patients than in 2019 amid 'worrying signs' of long-term Covid hit

New study reveals that the number of beds available for non-coronavirus hospital admissions is still lower than pre-pandemic levels

Wales Online

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NHS treating fewer patients amid ‘worrying signs’ of long-term Covid hit – IFS

There are fewer hospital beds available for non-Covid purposes, according to IFS analysis.

The Independent UK

Why Rishi Sunak's claim a pay rise for every striker will cost you £1,000 is untrue

More than 5million public sector workers want a proper pay rise - and Rishi Sunak claims that will cost you an 'extra' £1,000 a year. So how true is his claim? Not very, say the experts

Daily Mirror

Colleges and sixth forms to bear brunt of funding squeeze, “stark” IFS report warns

Early years education, colleges, sixth forms and universities will all face a difficult few years ahead, experts have warned.

The Independent UK

Schools in England face ‘significant squeeze’ on budgets, IFS report finds

Annual survey reveals further education and sixth form colleges could experience particular hardship

The Guardian - UK

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Early years education and colleges to bear brunt of funding squeeze – IFS

Early years education, colleges, sixth forms and universities will all face a difficult few years ahead, experts have warned.

The Independent UK

Oil and gas boom will 'accelerate' Scotland's green energy revolution

A HUGE boost in oil and gas revenue could accelerate Scotland’s green revolution, an economist has said.

The National (Scotland)

Scottish Government underspent £2bn in last year's budget, accounts show

Annual accounts show an underspend of £2bn - but does not represent a loss as some is carried forward through the Scotland Reserve

The National (Scotland)

Poorest students more than £1,000 worse off this year as inflation outstrips support

Students are facing real terms cuts to their maintenance loans due to inflation forecast errors - as well as 'falling through the cracks" of the Government's cost of living support'

Daily Mirror

Poorer students over £1,000 worse off this year, warns IFS

Raising maintenance loans in England in line with forecasts, not actual inflation, could cause ‘significant hardship this winter’

The Guardian - UK

Students face ‘hardship’ as botched inflation rise leaves them £1,000 worse off

Ministers under fire as maintenance loans go up by just 2.3 per cent – when inflation is 10.2 per cent

The Independent UK

Bureaucracy: Centre Appoints Four Indian Foreign Service Officers In PMO, See Full List

Four Indian Foreign Service (IFS) officers appointed to different posts in the Prime Minister’s Office. Read full story on Dynamite News

Dynamite News

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The Conversation

What the autumn statement means for financially struggling schools

The cost-of-living crisis and new staffing costs have been pushing schools in England into financial trouble. So school leaders were relieved to hear of an increase to their budget in the government’s autumn statement, delivered on November 17.

The Independent UK

Rayner demands general election after Hunt unveils ‘nightmare’ Budget

IFS warns UK economy damaged by series of own goals, including Liz Truss’s mini-Budget

The Independent UK

Jeremy Hunt told to ‘come clean’ on economic cost of non-dom tax status

The IFS said abolishing non-doms would be worth around £3bn a year to the economy – roughly the same amount that will be added to next year’s NHS budget

The Guardian - UK

How the autumn statement brought back the ‘squeezed middle’

Respected thinktanks say Jeremy Hunt’s policies will shock Middle England, with higher taxes here to stay

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Evening Standard

Autumn Statement reaction: Higher tax ‘here to stay’ as pain goes on

New warning that burden unlikely to return to pre-Covid level ‘any time in coming decades’

The Guardian - UK

The British people ‘just got a lot poorer’, says IFS thinktank

UK has scored ‘a series of economic own goals’, Institute for Fiscal Studies says after autumn statement

Daily Mirror

Autumn Statement: Brits 'just got a lot poorer' with Middle England 'set for a shock'

After the Autumn Statement, the director of the Institute for Fiscal Studies Paul Johnson said he would be 'most surprised' if the tax burden returns to pre-Covid average 'at any time in the coming decades'

The Guardian - UK

Minority ethnic Britons’ educational success not reflected in pay, study finds

‘Clear evidence’ of discrimination in terms of salary and careers despite academic progress, IFS study finds

The Guardian - UK

Inflation will erode funding for early years care, finds IFS

Report foresees funding for childcare places in England falling by 8% over next three years

Daily Mirror

Stealth tax rises Rishi Sunak is plotting next week would raid £35bn a year from Brits

Experts the IFS said extending a freeze on Income Tax and National Insurance thresholds to 2028 would be a huge windfall - and leave families with 'lower living standards'

The Guardian - UK

Rising asset wealth and falling real wages ‘drive inequality in Britain’

Young people no longer able to rely on hard work to improve their living standards as they age, says IFS

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