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The Latest Breaking News from IFS

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.

The Independent UK

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.

Evening Standard

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.

The Independent UK

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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

Evening Standard

Wealth tax almost impossible to implement, leading economist warns

‘No country in the world has ever successfully had a wealth tax’, IFS director Paul Johnson told The Independent

The Independent UK

How Covid changed the British state

Surge in national debt and NHS backlog altered the economy and expectations around crisis management

The Guardian - UK

Starmer unlikely to fulfil pledge on hospital waiting times, says IFS

Thinktank predicts PM will not realise ambition for 92% of patients in England to wait less than 18 weeks for planned care by 2029

The Guardian - UK

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NHS 18-week waiting time target ‘unlikely’ to be met, research suggests

The Government has outlined its ambition to ensure 92% of patients receive care within 18 weeks by the end of Parliament in 2029.

The Independent UK

Rachel Reeves to announce biggest spending cuts 'since austerity'

Rachel Reeves is set to unveil the biggest spending cuts "since austerity" in next week's Spring Statement ...

The National (Scotland)

Reeves to reveal biggest UK spending cuts since austerity in spring statement

Labour MPs uneasy as chancellor prepares even deeper reductions that economists say will harm key services

The Guardian - UK

Wednesday briefing: The devastating toll of Labour’s disability welfare cuts

In today’s newsletter: what chance does a backbench rebellion have of shifting the government’s plans to cut benefits?

The Guardian - UK

Millions Face £1,200 Benefit Cut as Rachel Reeves Pushes ‘Brutal’ Welfare Overhaul

Millions of disabled and long-term sick claimants could see their benefits slashed by as much as £1,200 a year as Rachel Reeves pushes ahead with major welfare cuts.

The Fashion Central

What changes have been announced to the benefits system?

Some elements of the reforms have been welcomed and others criticised.

Evening Standard

Shocking figures reveal extent of Labour's cuts to disability benefits

AROUND 900,000 people on Universal Credit and 1.2 million claiming PIP could cost up to 1.2 million people between £2400 and £6300 per year from…

The National (Scotland)

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The Independent UK

Sick and disabled face being stripped of £1,200 a year each in welfare benefits as Reeves tries to balance Budget

As the OECD downgraded British growth forecasts, chancellor Rachel Reeves is still arguing over details of benefits cuts ahead of a major statement in the Commons

The Guardian - UK

Mental ill-health is behind soaring disability benefits bill in England and Wales, report says

Institute for Fiscal Studies says half of the rise in working-age people claiming the benefit last year is linked to mental health

The Independent UK

Rachel Reeves budget: What’s in and out of chancellor’s ‘austerity 2’ spring statement

News analysis: In less than three weeks Rachel Reeves will deliver her spring statement to the country - an event which is already shaping up to being a second Budget

The Independent UK

Reeves to be forced into fresh tax hikes or austerity drive by faltering economy, top economists warn

Rachel Reeves is warned it will be tough to find extra money for defence spending without raising taxes

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Evening Standard

Chancellor could have to break one annual fiscal event commitment – experts

The Chancellor will deliver a statement on March 26 in response to the latest forecast from the budget watchdog.

Evening Standard

‘Pass-fail’ fiscal rules leave UK exposed to global changes – IFS

Updated forecasts could see Rachel Reeves’ headroom disappear because of higher borrowing costs and weak growth.

The Independent UK

Rachel Reeves has set herself a fiscal ‘trap’ ahead of spring statement, economists warn

Economists warn new forecasts likely to see chancellor’s headroom disappear because of higher borrowing costs and weak growth

The Independent UK

Starmer leaves door open for more tax rises and spending cuts in spring Budget

But the prime minister also tried to play down fears of a repeat of Rachel Reeves’ shock £40 billion tax rise Budget

The Independent UK

Starmer accused of fiddling the figures on defence spend increase

The defence secretary admitted Sir Keir’s figures were misleading as the Tories demand Labour to be ‘straight about the facts’

The Guardian - UK

Starmer can only hope slashing aid to boost defence wins Trump’s favour

PM’s Washington trip clear impetus for abrupt news of budget switch to meet defence commitment by 2027

The National (Scotland)

Scotland could learn from Wales on council tax reform, says expert

Scotland could learn from the Welsh Government’s plans for council tax reform, an academic has said.

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