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).

“Their independence is beyond doubt as all the main political parties recognise their expertise." Evan Davis, BBC

Uncertainty over size and shape of painful measures to follow election

| IFS Press Releases

The IFS Green Budget 2015, in association with ICAEW and funded by the Nuffield Foundation with analysis from Oxford Economics, is published today. Debt is set to peak at over 80% of national income. The deficit is still more than 5% of national income. The fact that they remain so high largely reflects poor economic performance at the start of this parliament. But real spending cuts have been substantially less than originally planned, no net additional tax rises have been implemented, and tax revenues have proved less responsive to the economic growth we have had than was expected. Difficult choices lie ahead.

Find out more

Labour’s proposed pensions takeaway

| Observations

Ed Miliband and Ed Balls today announced that a Labour Government would significantly reduce the generosity of the income tax treatment of private pensions. Those with incomes above £150,000 a year would only be able to receive income tax relief at a rate of 20% (rather than the 50% marginal rate of income tax they would face under Labour), the annual pension contribution limit would be reduced by a quarter from £40,000 to £30,000 and the lifetime limit would be cut by one-fifth from £1.25m to £1m. This observation explains that, while there is a case for making some elements of tax-relief on pensions saving less generous, these reforms would be a step in the wrong direction.

Find out more

IFS public finance bulletin: February 2015

| Public Finance Press Releases

Today the Office for National Statistics and HM Treasury published Public Sector Finances January 2015. We now have details of central government receipts, central government spending, public sector net investment, borrowing and debt for the first ten months of financial year 2014−15.

Find out more