Facts and figures about UK taxes, benefits and public spending.
Income distribution, poverty and inequality.
Analysing government fiscal forecasts and tax and spending.
Analysis of the fiscal choices an independent Scotland would face.
Case studies that give a flavour of the areas where IFS research has an impact on society.
Reforming the tax system for the 21st century.
A peer-reviewed quarterly journal publishing articles by academics and practitioners.
The government has failed to achieve its target of reducing child poverty by 25% between 1998/99 and 2004/05, according to the Households Below Average Income (HBAI) data published today by the Department for Work and Pensions. This is despite having increased tax credits sufficiently in 2004 to persuade most experts inside and outside Whitehall that it had probably done enough to achieve its goal.
The target defines child poverty as the number of children living in households with equivalised household income (after deducting direct taxes and adding tax credits and benefit payments) below 60% of the median. If individuals were lined up in order of income from the richest to the poorest, adjusted for family size, median equivalised household income would be that of the person in the middle. The target is assessed both on incomes after housing costs (AHC) and before housing costs (BHC).
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