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Coronavirus and the economy

Our goal at the Institute for Fiscal Studies is to promote effective economic and social policies by better understanding how policies affect individuals, families, businesses and the government's finances.
Brexit showed by a UK puzzle piece leaving a EU puzzle
As the UK has been dealing with coronavirus pandemic this year, we have also been moving closer to the realities of our new relationship with the European Union, and the end of the Brexit transition period on January 1st, 2021. Joining Paul this week to discuss what might happen with Brexit is Professor L. Alan Winters, Professor of Economics and Director of the UK Trade Policy Observatory in the University of Sussex, and leading contributor to the debate of Brexit.
Savings in a jar
Private pensions and owner-occupied housing are the two most important forms of wealth that the majority of individuals accumulate over their lifetimes. How much to accumulate in these forms, and when, are difficult decisions – requiring individuals to consider both their own preferences for housing versus non-housing consumption (both now and in the future), and the relative financial return from different choices given possible future asset price movements, tax incentives, pension scheme rules, and so on.
Rishi Suna
At a Spending Review, the Chancellor of the Exchequer sets out the government’s plans for public spending. This year, the Spending Review will take place on November 25th. We will be producing analysis before, on and after that date.
HM Treasury building
IFS Director Paul Johnson says: “Rishi Sunak has been spending truly astonishing amounts of money this year and plans to continue to do so next year in response to Covid. Yet this was a spending review in which he reduced planned spending into the future, cutting more than £10 billion per year from departmental spending plans next year and for subsequent years."

The IFS Deaton Review of Inequality

The IFS podcast

Events

Upcoming event
Date 08 December 2020 | 11:30 - 13:00
Location Online only
Availablity Places available
On 31 December the Brexit transition period will come to an end and the UK will leave the EU single market and customs union. What does this mean for VAT and customs duties? What will change? Our expert panel will explore these and other questions in this highly topical debate.
Upcoming event
Date 10 December 2020 | 12:00 - 13:30
Location Online only
Availablity Places available
The last decade has seen considerable change to the pensions environment. This event will include a keynote talk from the Minister for Pensions and Financial Inclusion, a presentation on a programme of IFS research in this area over the last two years, and an expert panel discussion of the implications of the research.

Older articles

'It’s spending review week. The chancellor has postponed the budget and decided not to have a full three-year spending review, but Rishi Sunak nevertheless will be delivering yet another big statement on Wednesday, setting spending levels for next year. That’s the idea, anyway.' Paul Johnson writes for the Times.
The current system of alcohol taxes in the UK is incoherent. The UK’s departure from the European Union offers an opportunity to improve this. Here, we provide new evidence on the impact of the introduction of the minimum unit price on alcohol purchases.
In this briefing note, we focus on a relatively easily quantifiable form of ‘alternative’ working arrangement: namely, ‘solo self-employment’ – sole traders or company owner-managers without employees. In recent years, this category accounts for a very large amount of the growth in non-traditional employment forms, and indeed a large amount of the growth in overall employment.
What do economists mean by inflation, how do they measure it, and is inflation the best way of understanding the changes in the price of goods? This week we speak with Martin O'Connell, Deputy Research Director at IFS and author of a recent paper looking at grocery prices during the pandemic, and Ian Crawford, Professor of Economics at Oxford.
On 25 November, the Chancellor will conclude the 2020 Spending Review. This will contain an update on the amount of funding provided to public services during this financial year (2020−21) as well as a new set of departmental budgets for the next (2021−22). While this Spending Review will be more short-term in its nature than usual, there are still a number of important things to look out for.
MPs will debate a number of petitions today relating to university tuition fees. These petitions are asking for all or part of tuition fees relating to the 2019/20 and/or 2020/21 academic year to be reimbursed. Between them, they have gathered nearly a million signatures.