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.
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Between 2010-11 and 2013-14 average incomes are forecast to stagnate and both absolute and relative poverty among children and working-age adults are expected to rise, according to projections funded by the Joseph Rowntree Foundation and published today by the IFS.
The IFS researchers forecast absolute and relative income poverty amongst children and working-age adults for each year to 2013-14, using a static tax and benefit micro-simulation model combined with official macroeconomic and demographic forecasts, taking into account current government policy. They also forecast poverty under a scenario where the coalition Government simply implemented the plans for the tax and benefit system it inherited from the previous administration. Poverty beyond 2013-14 is likely to be affected by the Universal Credit, and future work will forecast poverty to the end of this Parliament when the Government publishes its Welfare Reform Bill.
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Recent IFS Press Releases
Independent Scotland would face tougher long-run fiscal challenge than the UK as a whole
An independent Scotland would require a significant cut in spending or increase in taxes, over and above that already announced by the UK government, in order to put their long-term public finances onto a sustainable footing.
Since 2008 food spending fails to keep pace with rising food prices and nutritional quality of calories falls / Long term decline in calorie purchases despite increase in calories from eating out, snacks and soft drinks
These are the key headlines from two new pieces of research published by the Institute for Fiscal Studies and due to be presented today as part of the ESRC Festival of Social Science.