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.... Given that exports are 20% of our gross domestic product, “the net effect would be to reduce UK GDP by around 4%”. At a time when Paul Johnson, the director of the Institute for Fiscal Studies, is warning that the pressures on the public finances are enormous, and posing serious implications for the nation’s taxable capacity, the implications of a suicidal abandonment of our main export market are immense. ... [Read full article on Guardian ]
Sunday 23rd of April 2017 05:59:05 AM
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....Many economists also have their doubts about whether the policy will continue to be affordable in the long term. Paul Johnson, the director of the Institute for Fiscal Studies, which scrutinises all the party’s manifestos, said he would be glad to see the policy abandoned because of its arbitrary nature. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 09:00:47 PM
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. Low-income working families face significant reductions in income as a result of planned cuts to benefits, according to the Institute for Fiscal Studies (IFS). ... [Read full article on Guardian ]
Thursday 27th of April 2017 04:57:27 PM
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....A leading thinktank underscored the pressures on household budgets as it noted the weakness in wage growth started long before the Brexit vote. After adjusting for inflation, employees’ average earnings were still substantially below pre-recession levels, the Institute for Fiscal Studies said in a new analysis. ... [Read full article on Guardian ]
Friday 28th of April 2017 02:33:56 PM
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....The last few years – in which earnings growth has been extremely weak – have seen triple lock indexation boost the value of the state pension relative to both average earnings and prices. The Institute for Fiscal Studies (IFS) said in its recent assessment: “Between April 2010 and April 2016 the value of the state pension has been increased by 22. ... [Read full article on Guardian ]
Thursday 27th of April 2017 01:39:07 PM
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Latest Finance News related to Institute For Fiscal Studies

UK GDP growth slower than expected as inflation bites image
Source : Guardian [Read Article] Friday 28th of April 2017 02:33:56 PM
....A leading thinktank underscored the pressures on household budgets as it noted the weakness in wage growth started long before the Brexit vote. After adjusting for inflation, employees’ average earnings were still substantially below pre-recession levels, the Institute for Fiscal Studies said in a new analysis. ...
Poor working families face big losses from benefit cuts, says IFS image
Source : Guardian [Read Article] Thursday 27th of April 2017 04:57:27 PM
. Low-income working families face significant reductions in income as a result of planned cuts to benefits, according to the Institute for Fiscal Studies (IFS). ...
Pensions triple lock: what you need to know image
Source : Guardian [Read Article] Thursday 27th of April 2017 01:39:07 PM
....The last few years – in which earnings growth has been extremely weak – have seen triple lock indexation boost the value of the state pension relative to both average earnings and prices. The Institute for Fiscal Studies (IFS) said in its recent assessment: “Between April 2010 and April 2016 the value of the state pension has been increased by 22. ...
Theresa May weighing up cheaper 'double lock' for pensions image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:00:47 PM
....Many economists also have their doubts about whether the policy will continue to be affordable in the long term. Paul Johnson, the director of the Institute for Fiscal Studies, which scrutinises all the party’s manifestos, said he would be glad to see the policy abandoned because of its arbitrary nature. ...
A hasty election before Britain sees the hard truth of Brexit image
Source : Guardian [Read Article] Sunday 23rd of April 2017 05:59:05 AM
.... Given that exports are 20% of our gross domestic product, “the net effect would be to reduce UK GDP by around 4%”. At a time when Paul Johnson, the director of the Institute for Fiscal Studies, is warning that the pressures on the public finances are enormous, and posing serious implications for the nation’s taxable capacity, the implications of a suicidal abandonment of our main export market are immense. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
.... His raising of the minimum wage barely touches what he took away in tax credits within universal credit, in benefit freezes, and in ever rising bars to qualify for anything. By 2020 those cuts will have cast 50% more children into poverty, the steepest rise for a generation, says the Institute for Fiscal Studies. ...
Reality Check image
Source : BBC [Read Article] Wednesday 19th of April 2017 01:31:06 PM
....It also pointed out that the combined effect of tax and benefit changes was hitting the poorest people the hardest, but Mr McDonnell was not talking about benefits. This chart from the Institute for Fiscal Studies shows that about 90% of income tax is paid by the 50% of taxpayers with the highest incomes, while more than a quarter is paid by the richest 1%. ...
£400BILLION: That’s the amount grandparents are going to pass on to the younger generation image
...." . A recent report from the Institute for Fiscal Studies (IFS) suggested the amount of wealth that younger generations will end up with is more likely to hinge on how well off their parents are than was the case for older generations. ...
Older people due to pass on property ‘wealth mountain’ worth £400bn image
.... Nearly two-thirds (62%) are concerned about the financial position of the younger generation who have not generally seen their wealth increase, due to surging house prices, in the same way that some people in the older generations have. A recent report from the Institute for Fiscal Studies (IFS) suggested the amount of wealth that younger generations will end up with is more likely to hinge on how well off their parents are than was the case for older generations. ...
The Guardian view on apprenticeships: an invitation for employers to cheat | Editorial image
.... That means many students who might have benefited from access to technical and vocational courses at 14 have to wait until 16, when they may have entirely lost their enthusiasm for learning. Ministers will be familiar with the critical analysis that has come from bodies such as the Institute for Fiscal Studies and the Institute for Public Policy Research. ...
Cash in the pocket image
Source : BBC [Read Article] Friday 31st of March 2017 09:16:50 PM
....The same will apply to people claiming universal credit. The Institute for Fiscal Studies (IFS) calculates that as a result of this change alone, 600,000 three-child families will on average be £2,500 worse off than under the old system. ...
Reality Check image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:18:54 AM
....The new headline rate is CPIH, a measure of how much prices are rising that, unlike CPI, takes into account owner-occupiers' housing costs and council tax. The switch from CPI to CPIH is a result of a review of inflation measures by Paul Johnson from the Institute for Fiscal Studies. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
.... Since the financial crisis, the growth in jobs has come at the price of little growth in average earnings, with many workers finding themselves materially worse off. The Institute for Fiscal Studies expects average real earnings will be no higher in 2022 than they were in 2007; a dire situation its director has described as “completely unprecedented”. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
....That pattern prompted a leading thinktank to warn recently that workers are on course to suffer an unprecedented 15 years of lost earnings growth. The Institute for Fiscal Studies (IFS) said average earnings would be no higher in 2022 than they were in 2007, and predicted that welfare cuts would compound the financial pain for many. ...
Child poverty in UK at highest level since 2010, official figures show image
Source : Guardian [Read Article] Thursday 16th of March 2017 02:45:20 PM
....”. The Institute for Fiscal Studies said income for working-age adults was no higher than eight years ago. ...
Household incomes crept up last year, DWP figures show image
Source : BBC [Read Article] Thursday 16th of March 2017 11:20:14 AM
....This stood at £413 a week after taking housing costs into account, the DWP figures show. Agnes Norris Keiller, a research economist at the Institute for Fiscal Studies (IFS), said: "Growth in household incomes in 2015-16 was modest but widespread, continuing the pattern seen in recent years. ...
Hammond's NICs U-turn is a political disaster for the government | Larry Elliott image
....These were valid points, just as they were a week ago. Hammond’s proposal was supported by the Resolution Foundation, which is run by Torsten Bell, a former aide to Ed Miliband, and by the Institute for Fiscal Studies, the country’s foremost authority when it comes to anything to do with the public finances. ...
Jobless rate down but wage growth slows image
Source : BBC [Read Article] Wednesday 15th of March 2017 09:32:42 AM
....Ahmed: May's income headache. Following last week's Budget, Paul Johnson, director of the Institute for Fiscal Studies (IFS) warned that wages were unlikely to be higher in the next five years. ...
The Scottish economy has strengths – but could it make a success of independence? | Larry Elliott image
.... To make the sums add up, those advocating independence assumed an oil price of $100 a barrel, double today’s level. According to estimates made last year by the Institute for Fiscal Studies, Scotland will have a budget deficit of more than 9% of GDP this year, more than three times as big as that for the UK. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... And the Treasury is placing great emphasis on the importance of “productivity” – ie the supply side of the economy – to provide the future growth on which higher living standards and tax revenues ultimately depend. For the uncomfortable truth, underlined by the Office for Budgetary Responsibility, the Institute for Fiscal Studies and the Resolution Foundation last week, is that, after a splurge of consumer spending largely financed by borrowing, the outlook for real incomes is pretty bleak – indeed, there are already signs of a slowdown, and the OECD is forecasting economic growth this year of a mere 1. ...
Standup chancellor shuns sit-down with Tyrie image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... Having already broken convention by abolishing future spring budgets and then using his final one to deliver a few gags (“they don’t call it the last Labour government for nothing”), Philip Hammond will be spared from explaining himself to Andrew Tyrie and co this week. Instead, the committee will play host to Robert Chote, chairman of the Office for Budget Responsibility on Monday, plus a couple of his sidekicks, before Tuesday brings an appearance by Paul Johnson, the boss of the Institute for Fiscal Studies thinktank. ...
Budget 2017: Self-employed 'tax raid' a 'rookie error' image
Source : BBC [Read Article] Saturday 11th of March 2017 09:22:56 AM
.... . The Institute for Fiscal Studies think tank has also backed the proposal, arguing the current system had needed reform. ...
May defends 'fair' National Insurance rise amid criticism image
Source : BBC [Read Article] Thursday 9th of March 2017 08:28:31 PM
....The change was supported by some economic commentators. The Resolution Foundation think tank called it "welcome and progressive", while the Institute for Fiscal Studies suggested further rises were needed. ...
The Guardian view on trust in politics: pledges and conventions matter | Editorial image
....There is nothing illicit about this arrangement, but there is something distasteful about the architect of many people’s hardship cashing in when there is still so much pain yet to come. As the Institute for Fiscal Studies noted yesterday in its evaluation of the budget, cuts to employment support allowance and tax credits that take effect this April will be felt more keenly and by more people than the rise in national insurance contributions (NICS) for some self-employed workers – including, as it happens, Mr Osborne – that has become the object of a Tory rebellion. ...
The UK economy breaks more records – for all the wrong reasons image
Source : Guardian [Read Article] Thursday 9th of March 2017 06:40:24 PM
....The gist of the post-budget analysis from two of Britain’s leading thinktanks was simple: the economy continues to break records – mostly for the wrong reasons. Neither the Institute for Fiscal Studies nor the Resolution Foundation could get especially worked up about the political controversy of the moment: Philip Hammond’s decision to raise national insurance contributions for the self-employed. ...
Hammond went where Osborne feared to tread with tax on self-employed image
Source : Guardian [Read Article] Thursday 9th of March 2017 04:41:03 PM
.... It raises a bit of money – £645m a year by the end of the parliament – and it irons out one of the many historic anomalies in taxation. That view of the world was echoed by Paul Johnson, director of the Institute for Fiscal Studies, who described it as a “small change making a small step towards correcting a big problem with the current tax system”. ...
Budget tax rise image
Source : BBC [Read Article] Thursday 9th of March 2017 01:40:23 PM
.... By April 2019, a self-employed worker will pay 11% on profits between £8,060 and £45,000, and 2% on profits over £45,000. The Institute for Fiscal Studies says that, overall, any self-employed person with profits of less than about £15,570 will be better off. ...
No pay rise for 15 years, IFS warns UK workers image
Source : Guardian [Read Article] Thursday 9th of March 2017 08:57:23 AM
....Workers in Britain are on course to suffer an unprecedented 15 years of lost earnings growth and have been warned to prepare for a third successive parliament of austerity by a leading thinktank. Analysing Philip Hammond’s spring budget, the Institute for Fiscal Studies (IFS) said that after suffering a lost decade of earnings growth, households were now about to be hit by big welfare cuts. ...
Budget: Does NI rate rise break a pledge? image
Source : BBC [Read Article] Wednesday 8th of March 2017 03:04:52 PM
....The government did pass an act of Parliament in 2015, called the National Insurance (Rate Ceilings) Act, which prevented it from raising National Insurance rates, although that will not be breached because it referred to Class 1 National Insurance only, which is paid by employees, not by the self-employed. The Institute for Fiscal Studies argued before the Budget that the fact more tax was paid on the earnings of employees than those of the self-employed was not justified. ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
.... Remember, £12bn of working-age “welfare” cuts were already set in motion last year and are coming this April – from the “two-child limit” on child tax credits and universal credit squeezes to out-of-work sickness benefits. These are measures the Institute for Fiscal Studies forecasts will push 600,000 children into absolute poverty, and charities warn will see young people on the street and disabled people having to skip meals. ...
Reality Check image
Source : BBC [Read Article] Tuesday 7th of March 2017 01:31:56 AM
.... . The Institute for Fiscal Studies said in its Green Budget that tax is rising as a share of national income and by 2019-20 is due to reach its highest level since 1986-87. ...
Budget 2017: Hammond to tell us the Brexit vote could have been worse image
.... Those projections will give a far better picture of how policy decisions and the economic backdrop are very likely to affect people’s day-to-day lives than the deficit projections and GDP estimates. The picture will be completed on Thursday, when the Institute for Fiscal Studies (IFS) conducts its traditional post-budget number crunching to spell out what it all means for different income groups. ...
Budget 2017: No 'spending sprees', Hammond warns image
Source : BBC [Read Article] Sunday 5th of March 2017 02:20:28 AM
....Wednesday's Budget takes place after the Bank of England revised up its growth forecast for this year. Paul Johnson, director of the Institute for Fiscal Studies think tank, predicted the Office for Budget Responsibility would also revise its 2017 forecast upwards. ...
London loses out in business rates revamp image
Source : BBC [Read Article] Saturday 4th of March 2017 12:07:28 AM
. The revaluation of business rates next month will see London paying an extra £800m a year to support services in other parts of England, the Institute for Fiscal Studies said. ...
IFS: Growth in UK living standards worst in 60 years image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:01:10 AM
....Britain is in the midst of the weakest growth in living standards in at least 60 years, with low income families faring the worst, a leading thinktank has warned. Weak earnings growth, together with changes to taxes and benefits, will lead to a rise in inequality by 2021-22, according to the Institute for Fiscal Studies (IFS). ...
'Long shadow' of financial crisis hits incomes image
Source : BBC [Read Article] Thursday 2nd of March 2017 12:18:25 AM
....Typical household incomes in the UK will not grow for the next two years due to the "long shadow" of the financial crisis, a report suggests. In five years' time, median income will be 4% higher than it is now, the Institute for Fiscal Studies predicts. ...
Universal credit cuts hit families with children hardest, study finds image
Source : Guardian [Read Article] Wednesday 1st of March 2017 10:00:46 AM
....Currently just 450,000 people are on universal credit, which is not expected to be fully operational across the country until 2022. At that point, according to estimates by the Institute for Fiscal Studies, 2. ...
Tory £1bn inheritance tax cut 'will worsen north-south divide' image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:20:48 PM
....”. Carl Emmerson, the deputy director of the Institute for Fiscal Studies, said the policy, under which the threshold will reach its final level in 2020, would benefit the wealthy. ...
State pension age 'could rise above lifespan' in poorer areas, say MPs image
....In November the committee said the policy should be scrapped. The committee commissioned the Institute for Fiscal Studies to estimate the extra state pension age increases that would be needed to maintain expenditure at about 6% of GDP (Gross Domestic Product). ...
UK tax burden will soar to highest level for 30 years, warns IFS image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:00:11 AM
....The government is on course to impose steep cuts in public spending and increase taxes by the end of the decade to their highest level in 30 years to combat the UK’s persistent budget deficit. But slower economic growth after the Brexit vote and lower than expected tax receipts will still leave the UK with one of the largest shortfalls in public spending in the developed world, according to the Institute for Fiscal Studies. ...
Jeanette Winterson to close London shop due to business rates surge image
Source : Guardian [Read Article] Monday 23rd of January 2017 07:01:42 PM
....Most high street retailers pay more in business rates than they do in corporation tax, leading to criticism that the levy hands an unfair advantage to online-only retailers such as Amazon because they control less property. Last year, a report by Colliers estate agency said the 2017 rating revaluation would produce the largest changes in rateable value for a generation, and the Institute for Fiscal Studies said the revaluation showed the government’s reliance on London. ...
It’s time to rewrite the rules of economics to end the growing chasm of inequality  | Liam Byrne image
....In the US, new research shows that in the rust-belt states an incredible 40% of those born in 1980 are worse off than their parents. Here in the UK the gender pay gap still looms large – and as the Institute for Fiscal Studies revealed, there has been a four-fold increase in the number of men in low-paid, part-time work over the last 20 years. ...
Eight men own more than 3.6 billion people do: our economics is broken | Mark Goldring image
....Meanwhile, those without economic power feel the pain: the producer in a developing country, the low-paid UK worker, the woman juggling work and childcare, are squeezed until their pips squeak, all in the name of returning as much money as possible to predominantly wealthy shareholders. Last autumn, the Institute for Fiscal Studies warned that their fellow Britons were in the midst of decade of lost wage growth, the worst for 70 years. ...
Bleak trend of low, part-time wages in UK is revealed image
Source : Guardian [Read Article] Friday 13th of January 2017 06:01:09 AM
....Men on low pay are four times more likely to be working part-time than in the 1990s, according to a survey that illustrates the trend for low hours and wages to go together. The Institute for Fiscal Studies said 20 years ago only one in 20 men aged 25 to 55 worked part-time with low hourly wages. ...
Earnings inequality among men soars image
Source : BBC [Read Article] Friday 13th of January 2017 12:02:29 AM
.... . New research by the Institute for Fiscal Studies has found that one in five low-paid men aged 25 to 55 now work part-time. ...
Inheritance tax is toxic. We need new ways to tackle inequality | Polly Toynbee image
....To those that hath, even more shall be given. That depressing biblical message is confirmed by the Institute for Fiscal Studies in today’s report on inheritance. ...
Young to inherit more but in less equal amounts, says IFS image
Source : BBC [Read Article] Thursday 5th of January 2017 11:05:09 AM
....Younger generations will inherit much more money than their predecessors - but the amounts they get will be very unequal, according to new research. The Institute for Fiscal Studies (IFS) says the wealth of the older generation has grown by 45% over just ten years. ...
Richest young people in UK also likely to inherit most wealth, study finds image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....Britain’s wealth gap will be passed down the generations as well-off older people bequeath property to their already thriving offspring, according to new research from one of the UK’s leading thinktanks. The Institute for Fiscal Studies (IFS) found that today’s young people were likely to inherit more wealth than their predecessors but the benefits would be skewed to those who were already well off. ...
Having children carries big pay penalty, says think tank image
Source : BBC [Read Article] Wednesday 4th of January 2017 12:14:20 AM
....The gender pay gap once women reach their 30s has changed very little in a generation, the research showed. Last year the Institute for Fiscal Studies (IFS) published similar research, concluding that men in their 30s tend to see their wages increase, while women's wages tend to plateau. ...
Gender pay gap down to 5% among UK workers in their 20s, study finds image
Source : Guardian [Read Article] Wednesday 4th of January 2017 12:01:07 AM
.... Her predecessor, David Cameron, had vowed to “end the gender pay gap in a generation”. Last year a report by the Institute for Fiscal Studies (IFS) said the pay gap widened consistently over the 12 years after a first child was born to leave women earning 33% less per hour than men. ...
Brexit economy: inflation surge shows impact of vote finally beginning to bite image
Source : Guardian [Read Article] Wednesday 21st of December 2016 11:36:14 AM
....Mark Carney, the governor of the Bank of England, has warned that the UK is suffering its “first lost decade since the 1860s” and highlighted a squeeze on household budgets that predates the referendum. Respected thinktank the Institute for Fiscal Studies said workers in Britain face the longest squeeze on their pay for 70 years. ...
Housing crisis 'creates in-work poverty' image
Source : BBC [Read Article] Wednesday 7th of December 2016 12:02:46 AM
.... . Analysis of the recent Autumn Statement by the Institute for Fiscal Studies (IFS) suggested workers would feel the squeeze on pay for more than a decade - earning less in real terms in 2021 than they did in 2008. ...
Demand is weak and investment’s faltering. That’s OK then image
Source : Guardian [Read Article] Sunday 4th of December 2016 07:00:07 AM
....”. The Institute for Fiscal Studies looked at another autumn statement initiative – the government plan to extend free childcare for three- and four-year-olds in England from 15 to 30 hours a week – and asked whether it was likely to boost parental employment. ...
Executive pay under unprecedented scrutiny – IoD chief image
Source : Guardian [Read Article] Monday 28th of November 2016 12:01:14 AM
....3m in 2015, far outstripping growth in average pay. Last week, the Institute for Fiscal Studies (IFS) thinktank issued a warning that workers in Britain face the longest squeeze on their earnings for 70 years. ...
GDP growth confirmed in three months after Brexit vote image
Source : Guardian [Read Article] Friday 25th of November 2016 11:21:29 AM
....A leading thinktank warned this week that the combination of rising inflation and weaker pay growth as Brexit unfolds will mean UK workers face the longest squeeze on their pay for 70 years. The Institute for Fiscal Studies said that the recovery in real wages – pay adjusted for inflation – will now be so slow that by 2021 they will still not be back to their 2008 level before the global financial crisis hit. ...
REVEALED: British workers' 'DREADFUL' decade of ZERO wage growth image
Source : Daily Express [Read Article] Thursday 24th of November 2016 03:58:00 PM
. Real wage growth is not on course to recover until 2021, meaning pay will have been below pre-recession 2008 levels for the longest period since the Second World War, according to the Institute for Fiscal Studies. ...
IFS warns of biggest squeeze on pay for 70 years over Brexit image
Source : Guardian [Read Article] Thursday 24th of November 2016 01:26:14 PM
....Workers in Britain face the longest squeeze on their pay for 70 years as Brexit knocks wage growth and stokes inflation, a leading thinktank has said. Picking over Philip Hammond’s first autumn statement, the Institute for Fiscal Studies said that by 2021, real wages in the UK – pay adjusted for inflation – will still not have recovered to their 2008 level before the global financial crisis hit. ...
Autumn Statement: Workers' pay growth prospects dreadful, says IFS image
Source : BBC [Read Article] Thursday 24th of November 2016 12:07:43 PM
....The outlook for wages is "dreadful" with the squeeze on pay lasting for more than 10 years, independent economists have said. The Institute for Fiscal Studies (IFS) said workers would earn less in real wages in 2021 than they did in 2008. ...
A guide to the Guardian's full autumn statement coverage image
Source : Guardian [Read Article] Thursday 24th of November 2016 12:00:37 PM
.... But he also needs a redistributive state, which Brexit makes harder to afford. Thinktank warns of biggest squeeze on pay for 70 years as Brexit grips UK economyInstitute for Fiscal Studies says UK’s withdrawal from EU will stoke inflation and peg back wages to below their 2008 level in 2021. ...
Philip Hammond defends 'doom and gloom' Brexit forecast image
Source : Guardian [Read Article] Thursday 24th of November 2016 09:38:25 AM
.... They can't win argument for hard, destructive Brexit based on truth so have to try and win based on fantasy. Paul Johnson, of the Institute for Fiscal Studies, told the Today programme the OBR’s forecasts were “considerably more optimistic than those we have from most independent forecasters, and significantly more so than those we have from the Bank of England”. ...
Tricky situation image
Source : BBC [Read Article] Sunday 20th of November 2016 11:43:54 AM
.... Reality: three. As the Institute for Fiscal Studies points out, the government broke its promise to cap welfare spending last year - when it reversed its decision to make deep cuts to tax credits for working families. ...
Autumn Statement 2016: Financial upheaval ahead for families image
Source : BBC [Read Article] Friday 18th of November 2016 05:29:06 PM
....That income freeze could coincide with an acceleration in inflation, adding pressure to those on low incomes. According to the Institute for Fiscal Studies, the falling value of the pound since the Brexit vote will push prices about 2. ...
Autumn statement: safeguard public investment, say experts image
Source : Guardian [Read Article] Thursday 17th of November 2016 08:00:31 PM
....Analysis by the Resolution Foundation forecast that the Treasury would need to borrow an extra £84bn by 2019/20 to fill the gap left by lower tax receipts and higher spending commitments on pensions and other uncapped benefits. The Institute for Fiscal Studies (IFS) said the £10. ...
Brexit exposed? image
Source : BBC [Read Article] Thursday 17th of November 2016 12:14:34 AM
....But the final two years could be controversial. Some commentators, such as Paul Johnson who heads up the Institute for Fiscal Studies, suggested that there might be two forecasts for the last two years, one based on staying in the single market and one based on leaving it, but that may fall foul of the rules against considering alternative policies. ...
In the gig economy, recruitment agencies are the gangmasters | Faiza Shaheen image
Source : Guardian [Read Article] Wednesday 16th of November 2016 01:08:37 PM
....What a time for these findings to come to light. Earlier this month, a new benefits cap was introduced which reduces the household benefit cap from £26,000 to £20,000 outside London, affecting more than 80,000 households, according to the Institute for Fiscal Studies. ...
UK slowdown will give chancellor little scope for tax cuts, says PwC image
Source : Guardian [Read Article] Tuesday 15th of November 2016 12:01:01 AM
....PwC projects a budget deficit – the gap between what the government spends and receives – of about £67bn this year, more than £10bn above the OBR forecast, and this would only fall to around £18bn by 2019/20 on unchanged fiscal policies, rather than moving into surplus as the OBR forecast in March. That forecast is similar to the £25bn overshoot predicted by respected thinktank the Institute for Fiscal Studies. ...
UK public finances to be '£25bn worse off' by 2020 image
Source : BBC [Read Article] Tuesday 8th of November 2016 12:05:09 AM
....The prospects for the UK's public finances have deteriorated by £25bn since the March Budget, an influential think tank has warned. The Institute for Fiscal Studies said weak growth would lead to lower-than-expected tax receipts, increasing borrowing by £25bn by 2019-20. ...
£25bn hole will limit Philip Hammond's options in autumn statement, says IFS image
....Britain’s leading tax and spending experts have warned Philip Hammond that his options are limited in this month’s autumn statement after predicting that slower growth and higher inflation will punch a £25bn hole in the public finances by the end of the current parliament. The Institute for Fiscal Studies said that if economic forecasters were right about the impact of Brexit, the new chancellor would have to extend austerity after the next election in order to finally eradicate the budget deficit built up during the financial crisis of 2008-09. ...
New benefit cap starts amid fears for single parents image
Source : BBC [Read Article] Monday 7th of November 2016 12:02:28 AM
....Research by the Chartered Institute of Housing suggests 320,000 children will be affected (estimating 115,000 households are impacted) with families losing up to £100 a week. The cap will save the Treasury an estimated £100m a year in the long run, according to the Institute for Fiscal Studies (IFS) - only a fraction of the total £12bn cuts to welfare spending over this parliament. ...
Born lucky? Children of the 60s, 70s and 80s on buying their first homes image
Source : Guardian [Read Article] Saturday 8th of October 2016 06:00:35 AM
....Were you born in the 1980s? Then you’re half as well off as someone born in the 1960s at the same stage in life. Stagnant wages, falling home ownership, weaker pensions and low interest rates have left today’s young adults significantly worse off, according to the Institute for Fiscal Studies. ...
Reality Check: Do foreign workers take jobs and cut wages? image
Source : BBC [Read Article] Thursday 6th of October 2016 04:51:53 PM
....Are they taking away jobs from British workers?. This question was tackled earlier this year by Paul Johnson, from the Institute for Fiscal Studies. ...

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