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The Latest Breaking News from IFS

Ex-minister reveals the pensions changes most likely at Budget

Higher earners could be targeted at the chancellor’s second fiscal event

The Independent UK

Warning Labour’s benefit changes will create two-tier system lasting ‘decades’

The reforms are ‘difficult to justify,’ an influential think tank said

The Independent UK

Fact check: Wage claim confuses mean and median incomes from different years

The claim does not have any sources attached to it, but it seems likely that the poster is comparing very different figures

Evening Standard

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read the most diverse news in one place.

Both left and right agree taxes must rise. Time for Labour to get creative

The faux row will be ear-splitting whether Reeves takes a lot or a little. Scepticism about a wealth tax is rising, but there are many ways to skin fat cats, says Guardian columnist Polly Toynbee

The Guardian - UK

London councils to lose millions in funding despite high poverty levels

Ministers face backlash after analysis of proposed shake-up finds more than 10% drop in finance for some areas

The Guardian - UK

‘One in four councils could lose money’ under Government’s funding proposals

A report says the changes would create big ‘winners and losers’.

The Independent UK

Londoners face ‘maximum’ council tax hikes to limit huge funding blow from Labour reforms, warns IFS

Cash for inner London town halls will be 11-12% lower in 2028-29 in real terms under the reforms, according to the Institute for Fiscal Studies

Evening Standard

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Free childcare crisis as surge in demand leaves Labour with funding black hole

Exclusive: Education secretary Bridget Phillipson insists she is unafraid of scheme’s soaraway popularity, describing it as a ‘good problem to have’

The Independent UK

To those who question what Labour stands for – look at Best Start. It will change Britain’s future

Sure Start was New Labour’s finest achievement, and the Tories destroyed it. Now it’s back with a mission to put children at the heart of everything, says Guardian columnist Polly Toynbee

The Guardian - UK

What we know about Rachel Reeves’ planned workplace pensions review

IN FULL

The Independent UK

Rachel Reeves to announce review of workplace pensions contributions — here’s what it could mean

The chancellor will use her Mansion House speech to announce the overhaul

The Independent UK

Welfare U-turn raises questions over Labour’s tax plans

Sir Keir Starmer will face a grilling from MPs on Wednesday as he attempts to repair relations with his backbenchers.

Evening Standard

To all who think capitalism can drive progressive change, it won’t – and here’s the shocking proof

Asset manager Aberdeen’s surprise cut to funding research into inequality has left those that used its grants for good work reeling, says Guardian columnist Polly Toynbee

The Guardian - UK

Starmer ‘agrees’ concessions with welfare cut rebels as he faces huge revolt

Economists warn tax rises could be needed to fund a U-Turn on Sir Keir Starmer’s £5bn welfare reforms as PM opens door to concessions

Evening Standard

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Evening Standard

Starmer seeks to win round welfare rebels with promise of ‘fairness’

Sir Keir Starmer was challenged in the Commons about the looming squeeze on sickness and incapacity benefits.

Evening Standard

Starmer seeks to quell revolt to speed through welfare reforms

The Government’s plans to restrict access to some disability benefits have been publicly opposed by 126 Labour MPs.

Evening Standard

'Ever-rising' council tax in London: Angela Rayner challenged on funding shake-up set to hit boroughs

The Deputy Prime Minister was grilled over looming funding cuts to boroughs such as Richmond and Kingston

The Guardian - UK

UK can reach net zero by 2050, climate report finds

Climate Change Committee says current targets could be met provided country takes ‘steps forward’ to achieve them

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The Independent UK

Starmer leaves door open for tax rises to fund rise in defence spending

IFS director Paul Johnson warns the £30bn increase in defence spending will need to be funded by tax rises

The Guardian - UK

There hasn’t been a ‘big chancellor’ since Osborne: IFS chief gives final mark

As he steps down after 14 years, Paul Johnson says politicians and voters refuse to accept economic tradeoffs

The Guardian - UK

Demob-happy IFS director tears into Rachel Reeves’s spending review

Blistering analysis by outgoing chief concludes chancellor likely to end up ‘gnat’s whisker’ away from tax rises

The Independent UK

Tax hikes ‘almost certainly’ to come if economy worsens, IFS says

IN FULL

The Independent UK

Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves

Institute for Fiscal Studies suggests Treasury is ‘making up the numbers’ as it warns council tax will rise at fastest rate in a generation

The Independent UK

Fact check: 2025 spending review claims

Round-up of fact checks from the 2025 spending review compiled by Full Fact.

The Independent UK

Reeves unveils record spending plans but experts warn of tax rises ahead

Chancellor announces £39bn boost for social housing, £29bn for NHS and £11bn for defence – and promises to close all asylum hotels as she takes a swipe at Farage and dismisses Tory warnings of a ‘cruel summer’ of tax rises

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