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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Budget’s student finance proposals will reduce government spending on higher education, but will raise debt for poorer students and repayments for most graduates

| IFS Press Releases

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. These are the main findings of a new briefing note published today by the Institute for Fiscal Studies (IFS), funded by the Economic and Social Research Council.

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Getting off the rollercoaster

| Observations

Last week’s Budget was the first of the new Parliament and the first by a Conservative government for nearly two decades. Following the pattern of all other general elections since 1987, the government announced a package of tax measures raising in excess of £5 billion a year. But there were also significant changes to public spending – with new cuts to social security spending but a reduction in the planned cuts to spending on public services. Overall the effect of the measures announced last week was to slow the pace of fiscal consolidation over the next three years but to increase the size of the eventual medium-term tightening.

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IFS analysis of today’s public finance figures

| Public Finance Press Releases

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

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