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The Latest Breaking News from IFS

Rachel Reeves warned against pensions tax raid or annual wealth tax at budget

The chancellor is facing increasing pressure to rescue the UK’s troubled finances in the Budget but the IFS has warned against raiding pensions or levying a wealth tax

The Independent UK

Government plans to merge benefits could save billions, says think tank

Merging jobseeker’s allowance and employment support allowance could save between £2 billion and £3 billion a year, the IFS has said.

Evening Standard

Rachel Reeves’s second budget needs a narrative of fairness to justify tax rises

The chancellor should reach for the language of solidarity and social justice that this government tends to recoil from

The Guardian - UK

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Warning SEND costs will surge by billions without reforms

IN FULL

The Independent UK

New report lays bare the growing cost of SEND spending

Government will set out how it will reform the Send system in the Schools White Paper later this year

The Independent UK

Send spending could outstrip spending by Ministry of Justice by 2029 – IFS

The Institute for Fiscal Studies warned there is a risk that increases in spending on children will be followed by higher spending on young adults.

Evening Standard

‘OBR needs to change way it forecasts economic performance’, Reeves says

The Chancellor told broadcasters only one full forecast should be done a year as Government aims to only change fiscal policies once annually.

Evening Standard

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Liverpool headteachers warn Chancellor their schools are at breaking point

Heads have signed an open letter to Rachel Reeves calling on Labour to ‘restore the achievements of the last Labour government’ as conference starts

Evening Standard

Scrapping controversial two-child benefit limit would reduce poverty

IN FULL

The Independent UK

Two-child benefit limit does not affect readiness for school, says think tank

The Institute for Fiscal Studies said their findings did not mean the policy has no wider consequences, including on health and later wellbeing.

The Independent UK

Two-child benefit limit has no adverse impact on children’s development, report says

IFS say the current policy currently has ‘no adverse impact on children’s development’

The Independent UK

Further education sector left to run on fumes, MPs say

The Education Committee has said the Government must retain applied general qualifications as an option alongside T levels and A levels

Evening Standard

We ask the experts: does it still pay to go to university? ‘It’s complex’

The time and money you invest in education should be repaid by a rewarding career, but is that always the case?

The Guardian - UK

Special needs overhaul risks becoming ‘welfare reforms mark 2’, IFS finds

Thinktank says EHCP changes are overdue, but government must convince parents that reforms are not about cost cutting

The Guardian - UK

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The Independent UK

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

Evening Standard

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

The Guardian - UK

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

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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

Evening Standard

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

The Independent 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

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 Guardian - 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 Independent 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

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