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Fiscal squeeze
The IFS Green Budget suggests that, even relative to major planned cuts, Whitehall departments will underspend by more than £3 billion this year. The IFS Green Budget 2012 was generously funded by the Economic and Social Research Council and was produced in collaboration with Oxford Economics.
Observations: reflections on current events
02 February 2012
Observations
This week, debate over the Government's Welfare Reform Bill has returned to the House of Commons. An element that has grabbed a lot of attention is the proposed benefit cap for working-age households (excluding those claiming Disability Living Allowance or Working Tax Credit), which will be set at £350 per week for childless single people and £500 per week for other households. This is now expected to affect about 67,000 households in Great Britain when implemented in 2013-14, reducing their benefit entitlement by an average of £83 per week and cutting the benefits bill by about £290 million in that year.
Featured publications and research
November 2011
Article
In this Briefing Note, we describe the options for a national funding formula for schools and examine how different options would affect the finances of different schools or areas of the country.
November 2011
Article
We use detailed data recording off-licence purchases to assess which types of alcohol products, retailers and consumers would be most affected by reforms.
Recent publications & research
01 February 2012
As Chancellor George Osborne prepares for his keynote statement on fiscal policy and the economy the IFS Green Budget assesses some of the issues he will have to deal...
01 February 2012
This presentation was given at the launch of the Green Budget 2012.
01 February 2012
This presentation was given at the launch of the Green Budget 2012.
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Impact on Society
IFS analysis forms an important input into the public debate about child and pensioner poverty and what policies are best suited to tackle these.
IFS researchers played an important role in the analysis underlying the findings of the National Equality Panel set up by the Labour Government.
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The Institute for Fiscal Studies
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