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IFS analysis for the 2019 general election

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This Election Briefing Note provides a summary of the current higher education funding system in England and investigates the two big reform packages that are currently on the table going into the 2019 General Election. 

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Support for childcare and the early years is shaping up to be a major issue in this election campaign. In this briefing note, we analyse the early years packages from the Labour party and the Liberal Democrats. 

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Employing public sector workers to help deliver public services is a major part of what government does. The number of workers employed by the government and how much they are paid matters not just for those individuals and their families, but also for the public finances and for the public services those employees help provide.

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Boris Johnson has today announced that a Conservative government would not go ahead with the planned reduction in the rate of corporation tax from 19% to 17% next April.

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While the benefit system has undergone substantial reform over the past 10 years, there remain significant changes due to take place over the next parliament. The highest stakes relate to the continued roll-out of universal credit (UC), which integrates six existing benefits into one payment.

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In this briefing note, we provide an overview of what has happened to the tax system, public service spending and the social security system since the 2008 crisis, highlighting where (and when) the spending cuts have fallen, and consider the long-term outlook for the make-up of public expenditure.

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This briefing note describes the state pension age increases that have been legislated by various governments in recent decades, and discusses how they relate to improvements in life expectancies and how spending on state pensions is projected to evolve as a result.

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Minimum wages can play an important role in raising living standards, and have become an important part of a government’s toolkit in addressing low pay. In the forthcoming election, both main parties have commited to increasing the level of the minimum wage.

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With taxation set to be a central policy battleground in this election, the IFS sets out some essential factual background. 

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The Labour party has announced their commitments for NHS spending over the next four years if they were to win the 2019 general election. These plans imply day-to-day NHS spending in England that is more generous than current government plans. We set out below the details of each of these in turn.

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The election campaign has only just got going, but already spending promises are coming thick and fast. By the time we get to polling day, still a month away, this could turn out to have been a very expensive election, indeed. Up to £20 billion a year of extra investment spending has been pledged by the Tories, £55 billion by Labour. Find out more >>>

Brexit continues to dominate the headlines - but the UK economy faces many other important challenges. Find out more >>>