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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.

Time for tax reform

The 8 July Budget may prove to be George Osborne’s best chance to bring in some much-needed reforms to our creaking and increasingly incoherent tax system. This Observation article by Paul Johnson suggests some important directions for reform and calls for an improvement in the way policy is made. If this is to be a Budget for productivity, then both a better, and a more predictable, tax system should be an important part of it.

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IFS wins UK think tank of the year

The Institute for Fiscal Studies (IFS) was named the UK Think Tank of the Year at last night’s 2015 Think Tank Awards run by Prospect magazine, retaining the title it won last year. This is the first time the title has been won two years in a row in the awards’ 15 year history.

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2015 Summer Budget

Chancellor George Osborne will deliver the Summer Budget on Wednesday 8 July 2015 – the first Budget from a Conservative government for almost 19 years. The Summer Budget is likely to set out what changes the government wants to make to tax, benefits and overall public spending as it looks to deal with the deficit. As always, the Institute for Fiscal Studies will be presenting its analysis of the Budget the following day. Visit our Budget page for more details, along with background materials on the challenges for the government in the Budget and some helpful tools and resources.

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