Our goal at the Institute for Fiscal Studies is to promote effective economic and social policies by better understanding how policies affect individuals, families, businesses and the government's finances.

The Budget’s student finance proposals

Two major changes to student finance were proposed in the Budget. The replacement of maintenance grants by loans from 2016–17 will raise debt for the poorest students, but do little to improve government finances in the long run. The proposed freezing of the repayment threshold for loans, on the other hand, will – if implemented – significantly improve government finances because it will result in an increase in graduate repayments.

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Living standards, poverty and inequality in the UK: 2015

The IFS has published its detailed annual report on living standards, poverty and inequality in the UK, funded by the Joseph Rowntree Foundation. The report, press release and presentations from the launch event make clear how average incomes are edging up slowly again after falling sharply after the recession. Income inequality has fallen back to levels last seen one or two decades ago, depending on the measure. New themes have also emerged, including increasing numbers of people in work alongside a deterioration of the financial position of working families, especially relative to pensioners. See Incomes in the UK for our latest statistics.

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2015 Summer Budget

Chancellor George Osborne delivered his Summer Budget on 8 July – the first Budget from a Conservative government for almost 19 years. The Institute for Fiscal Studies presented its analysis of the Budget on Thursday 9 July. Presentations from the event are available online.

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