The Latest Breaking News from IFS

The chancellor desperately needs more money to finance growth and public spending so expect a bit of tweaking to supposedly strict constraints

Thinktank says tax increases in budget will be necessary even if Rachel Reeves changes fiscal rules

Treasury officials examining potential levy that experts say could raise as much as £17bn for the exchequer

Labour urged to abolish the two-child benefit gap by charities who say the damage it causes ‘grows every day’

Chancellor announces biggest raft of tax hikes in any budget since 1993

Survey by Independent Schools Council finds UK pupil numbers down 1.7% compared with 2023

Axing the cap is the first step towards pulling children out of poverty. Could £2.5bn ever be better spent, asks Guardian columnist Polly Toynbee

Workers at London cable car threaten strikes every Saturday in pay dispute

Ruling out of rises to four main taxes could lead chancellor to make ‘economically damaging’ decisions, says thinktank

Since 2019, real-terms spending on health-related benefits in Britain has increased by £12 billion and is set to continue growing, according to a new report from the Institute for Fiscal Studies. However, comparable countries, such as France, Australia and the US, have not experienced similar increases in spending.

Sanjay Rana, the 1996 batch IFS officer is presently Ambassador of India to Bulgaria. Read further on Dynamite News: