Tom Wernham

Research Economist

Tom is a Research Economist in the Income, Work and Welfare sector, having joined the IFS in 2020. His current research areas include living standards, poverty and inequality, the tax and benefit system and the labour market. Before joining the IFS, Tom worked in the insurance industry, in actuarial consulting.

Education

BA (1st Class) Philosophy, Politics and Economics, University of Oxford, 2019

MSc (Distinction) Economics, University College London, 2023

Contact

Email: Email

Orcid number: 0000-0003-2960-6236

Tom Wernham: all content

Showing 21 – 40 of 64 results

Interest rate hikes could see 1.4 million people lose 20% of their disposable income

Comment

With the Bank of England’s base rate expected to increase on 22nd June, how are rising interest rates affecting households with mortgages?

21 June 2023

Who has low savings and how problematic can that be?

Event 16 June 2023 at 10:00 via Slido and Youtube

IFS researchers presented what we know about which groups of people are most likely to have low savings and how long this tends to last.

One million middle-income working-age adults unable to meet an unexpected expense costing one month’s income

Press Release

One million working-age adults on middle incomes have less than one month’s income saved in an accessible form.

16 June 2023

Who has low savings and how problematic can that be?

Presentation

IFS researchers presented what we know about which groups of people are most likely to have low savings and how long this tends to last.

16 June 2023

Characteristics and consequences of families with low levels of financial wealth

Report

Many families have little or no savings to access on a ‘rainy day’. We examine the types of families with low savings and what the consequences are.

16 June 2023

Inequality fell in the first two years of the pandemic as middle- and high-income households became worse off

Comment

Declining real incomes for middle- and high-income households, together with a rise for poorer households, led to a reduction in income inequality.

23 March 2023

The cost of living crisis: a pre-Budget briefing

Report

The recent surge in inflation, driven by spectacular increases in energy prices, has driven sharp falls in household living standards.

22 February 2023

Scottish Budget 2023-24: IFS analysis

Event 17 February 2023 at 10:00

Ahead of the final Scottish Parliament vote on the Budget, IFS researchers presented their analysis of the proposals.

Scottish Budget 2023–24: further analysis

Report

The aim of this report is to look at some of the key implications of the Scottish Budget for the coming year, and for the longer term.

17 February 2023

Analysis of Scottish tax and benefit reforms

Report

We analyse the impact of changes to devolved income tax rates and bands and benefits, and show the total impact of the changes.

9 February 2023

House of Lords Economic Affairs Committee publishes report on economic inactivity citing IFS research

Announcement

The House of Lords Economic Affairs Committee has published a report for which IFS Deputy Director Robert Joyce acted as a Specialist Advisor.

20 December 2022

Autumn Statement 2022 response

Comment

An initial response to the Autumn Statement from the IFS

17 November 2022

Wealth is the growing economic divide in the UK today

Press Release

"While income remains important, it is wealth that is increasingly at the heart of the most pressing economic inequalities today."

9 November 2022

Trends in income and wealth inequalities

Report

Trends in inequalities in income, wealth and, to a limited extent, consumption in the United Kingdom.

9 November 2022

Income and wealth inequality explained in 5 charts

Explainer

We document how economic inequalities have changed over the last sixty years, and how experiences have varied for different groups.

9 November 2022

Image of an HMRC form with £50 notes and £1 coins on top

Reforms, rollouts and freezes in the tax and benefit system

Event 6 October 2022 at 11:00

This event explored the impact of the significant change the tax and benefit system is currently undergoing.

For every £1 given to households through headline cuts to taxes, £2 is being taken away in stealthy freezes

Press Release

By 2025–26 these freezes take away £2 for every £1 given to households through the headline personal tax cuts.

6 October 2022

Reforms, rollouts and freezes in the tax and benefit system

Presentation

This event explored the impact of the significant change the tax and benefit system is currently undergoing.

6 October 2022

Reforms, roll-outs and freezes in the tax and benefit system

Report

We show the impact of freezes and gradual roll-outs on personal taxes and benefits, as well as considering planned changes to the tax system.

6 October 2022

110,000 workers missing from work as a result of long COVID at a cost of £1.5 billion a year in lost earnings

Press Release

Current levels of long COVID could be causing 110,000 workers to be missing from the labour market.

27 July 2022

Tom Wernham

Research Economist

Education

Contact

Tom Wernham: all content

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Year

Showing 21 – 40 of 64 results

Interest rate hikes could see 1.4 million people lose 20% of their disposable income

Who has low savings and how problematic can that be?

One million middle-income working-age adults unable to meet an unexpected expense costing one month’s income

Who has low savings and how problematic can that be?

Characteristics and consequences of families with low levels of financial wealth

Inequality fell in the first two years of the pandemic as middle- and high-income households became worse off

The cost of living crisis: a pre-Budget briefing

Scottish Budget 2023-24: IFS analysis

Scottish Budget 2023–24: further analysis

Analysis of Scottish tax and benefit reforms

House of Lords Economic Affairs Committee publishes report on economic inactivity citing IFS research

Autumn Statement 2022 response

Wealth is the growing economic divide in the UK today

Trends in income and wealth inequalities

Income and wealth inequality explained in 5 charts

Reforms, rollouts and freezes in the tax and benefit system

For every £1 given to households through headline cuts to taxes, £2 is being taken away in stealthy freezes

Reforms, rollouts and freezes in the tax and benefit system

Reforms, roll-outs and freezes in the tax and benefit system

110,000 workers missing from work as a result of long COVID at a cost of £1.5 billion a year in lost earnings

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Tom Wernham: all content

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Showing 21 – 40 of 64 results