News

IFS issues frequent press releases and observations and features regularly in online, broadcast and printed media. Staff also write and contribute to news articles.

IFS research staff are happy to speak to the press about the findings of our work. If you are a member of the press and have an enquiry or would like to receive new press releases by email, please contact the Press and Communications Manager, Jonathan Wood (020 7291 4818).

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Further increases in worker mobility needed as public workforce cuts accelerate

| IFS Press Releases

The pace of public workforce cuts is likely to accelerate over the new parliament. Conservative party plans outlined in their manifesto imply a further reduction in the public workforce of 580,000 between 2014–15 and 2018–19, unless the government imposes further public pay restraint. The last parliament saw many public sector workers move into private sector employment. This movement into the private sector will need to grow to prevent former public workers spending a significant amount time out of work.

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Weak productivity growth is not confined to a few sectors of the economy

| Observations

Productivity is currently the most talked about topic in town, and for good reason. At the end of 2014 UK productivity remained below its pre-recession level and 16% below where it would have been had the pre-recession trend continued. Looking forward, it is only productivity growth that is likely to spur increases in real wage growth and living standards. Alongside the upcoming budget, George Osborne will set out a plan for how to boost productivity. This Observation aims to provide some context for current discussions by setting out what the most recent data shows about the trajectory of productivity across different sectors of the economy.

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IFS public finance bulletin: June 2015

| Public Finance Press Releases

Today the Office for National Statistics and HM Treasury published Public Sector Finances May 2015. We now have details of central government receipts, central government spending, public sector net investment, borrowing and debt for the first two months of financial year 2015–16 and revised outturns for the whole of financial year 2014–15.

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