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The Latest Breaking News from IFS

UK could face up to £30bn of tax rises to fund defence spending boost, economist says

Sir Keir Starmer has vowed to boost defence spending to 2.7 per cent of GDP by 2027, as Nato allies push for ‘dramatic increase’

The Independent UK

Free school meals for more children in England is a positive thing, but there’s a catch

The government’s announcement won’t mean much if disability and Pip cuts push more families into poverty, says Guardian columnist Polly Toynbee

The Guardian - UK

Free school meal expansion in England will benefit fewer than claimed, IFS says

With data showing one in four pupils already get free lunches, institute says short-term benefits overestimated

The Guardian - UK

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Rachel Reeves must think big to fund Labour’s ‘battle-ready’ Britain. Tweaks and tinkering won’t do

The whole tax and spending ship is an unseaworthy rustbucket. This spending review is a chance to fix it, says Guardian columnist Polly Toynbee

The Guardian - UK

Rachel Reeves told it is ‘impossible’ to invest in growth, public services and net zero in spending review

Labour chancellor under pressure over spending plans as deputy prime minister Angela Rayner among those whose departments fail to settle budget with the Treasury

The Independent UK

Intel’s Turnaround May Be the Best Bet No One’s Watching

Intel's capture of an alleged embezzlement highlights CEO Tan's efficiency push, suggesting its undervalued stock presents a unique long-term opportunity.

MarketBeat

How more pensioners could be eligible for winter fuel payment after government U-turn

Undoing last year’s policy change would wipe out the £1.5 billion in savings

The Independent UK

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Sure Start centres generated £2 of financial benefits for every £1 spent, study finds

New Labour initiative created ‘remarkably long-lasting’ health and education improvements, says report

The Guardian - UK

Intel Refocuses: NEX Sale and Foundry Pivot Signal New Era

Intel's strategic refocus intensifies with potential NEX unit sale discussions and reaffirmed confidence in its foundry's path to future profitability.

MarketBeat

How might Starmer make more pensioners eligible for the winter fuel payment?

There are several options for how the Government could go about it.

Evening Standard

Is Intel Stock a Bargain or a Burden? Cheap Stock, High Stakes

Despite a low stock valuation, Intel's conservative forecast following their recent earnings report has led to uncertain investor sentiment.

MarketBeat

Starmer ‘known around the world’ for cutting winter fuel payments for pensioners, top economist says

Labour’s winter fuel cuts have been blamed for the party’s disastrous local election performance

The Independent UK

Rising health-related benefit claims not linked to NHS waiting lists

The Government has announced a series of welfare reforms to get people back into work

The Independent UK

NHS waiting lists ‘not a driver for rise in health-related benefit claims’

Figures show that the number of working-age adults in England claiming health-related benefits has risen by about 40%

The Independent UK

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MarketBeat

Intel: Good Quarter, Bad Vibes, Guidance Rattles Investors

Intel reported a Q1 earnings beat but offered weak Q2 guidance, leading new CEO Tan to accelerate restructuring efforts focused on core execution.

The Independent UK

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

The Guardian - UK

We should celebrate Labour’s good news on nurseries – but it needs to be bolder

Funding schools to set up nurseries works. Why spend more on older children, when we know spending earlier is most effective, asks Guardian columnist Polly Toynbee

The Independent UK

Is this the new austerity? What the numbers say

With the chancellor announcing around £4.8 billion of cuts to welfare spending over the next five years, Alicja Hagopian looks at whether the UK is returning to the austerity policies of ther 2010s

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The Independent UK

Starmer says Government record shows ‘mindset’ opposed to tax rises

The Prime Minister said he would not ‘write future budgets’ ahead of time.

The Guardian - UK

Reeves could tax pensions and wealth if economy worsens, says IFS

Chancellor may have to reconsider pledge not to raise taxes in light of ‘risky and changing world’, thinktank says

The Independent UK

Reeves on a double knife edge as she could be forced to order ‘blockbuster’ tax rises, say experts

Critics said her future as chancellor is under threat as a result of errors she has made since taking charge of the economy last year

The Independent UK

Think tank forecasts lower-income households to be £500 a year worse off by 2030

Rachel Reeves has received criticism from unions and political opponents after she cut welfare and squeezed Whitehall budgets in her spring statement.

Evening Standard

Reeves vows not to shy away from economic challenges amid statement criticism

The Chancellor warned there would be ‘no quick solutions’ to fix Britain’s financial woes.

The Independent UK

Spring statement will lead to six months of ‘damaging speculation’, IFS warns

The Institute for Fiscal Studies said Rachel Reeves’ adherence to fiscal rules will lead to speculation about tax hikes in the autumn budget.

Evening Standard

Tax rise warning for millions as Rachel Reeves refuses to rule out Autumn Budget raid after Spring Statement

The Chancellor said to be at the ‘mercy of events’ by not building up a bigger fiscal cushion

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