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Press release
The extra £4.3 billion just committed for schools in England by 2022 will just about reverse the cuts of 8% in spending per pupil since 2009. Even so, an effective 13-year real-terms freeze will still represent an unprecedented period without growth.
Press release
The Chancellor has announced an increase in spending on public services for next year. Day-to-day spending on public services will grow by 4.1%, or around £13.8 billion, between 2019−20 and 2020−21 in real terms.
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The Chancellor will need to find a way to fund an extra £5 billion of spending next year, relative to plans published at the Spring Statement, just to avoid cuts to other public services. Increasing spending on other priority areas would require even greater funding.
Press release
This evening, Prime Minister Boris Johnson announced a funding package for schools across England. This package represents a large increase in spending per pupil, taking it back to about the same level it was in 2009-10. However, a 13-year period of no net growth in school spending per pupil, after ...
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Robert Joyce, Thomas Pope and Barra Roantree
The top 1% of income tax payers are overwhelmingly male, middle-aged and based in London and the South East - and there's a huge gap between the merely well off and the very richest.
Press release
Jonathan Cribb, Helen Miller and Thomas Pope
Many more people try self-employment than the aggregate numbers suggest, but most fail quickly and very few ever go on to make significant investments or employ others.
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"Like his rival, Jeremy Hunt has made some expensive pledges in his campaign to become prime minister", says IFS Director Paul Johnson.
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Boris Johnson’s two main tax proposals – to increase the income tax higher rate threshold (HRT) from £50,000 to £80,000, and to raise the point at which people start paying National Insurance contributions (NICs) will "cost many billions of pounds", say IFS researchers.
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Middle-income 60 to 74 year olds have total incomes more than 60% higher than the similar group in the mid-1990s, with earned income rising by 160% for this group as a whole.
Press release
Between 1994 and 2017 there was an increase from 13% to 18% in the proportion of people in working households living in relative poverty (that’s an increase of 40%). So by 2017 8 million people in the UK living in working households were in relative poverty.
Press release
Our social care system continues to leave families to face the catastrophic risk of losing all their assets. There is an obvious case for some form of social insurance and we need urgently to break the policymaking logjam.
Press release
Press release circulated for report on the health impacts of Sure Start (IFS R155)
Press release
Overall spending on local services by English councils fell by 21% between 2009-10 and 2017-18.
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New IFS analysis, funded by the Economic and Social Research Council, finds that though benefits do much of the work in reducing income inequality, taxes also redistribute from rich to poor, and are responsible for at least a fifth of the total redistribution the tax and benefit system achieves.
Press release
Today IFS formally launches the most comprehensive scientific analysis of inequalities yet attempted. In a review chaired by Nobel Laureate Professor Sir Angus Deaton and funded by the Nuffield Foundation, we intend not just to describe inequalities – in income, wealth, health, social mobility, ...
Press release
Thomas Pope
2018-19 saw the lowest deficit since 2001–02, following many years of fiscal consolidation since the financial crisis.
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For the first time, IFS researchers look at the effects of universal credit on people’s incomes over the longer run as well as the short run.
Press release
By freezing the thresholds at which child benefit is withdrawn, the personal allowance is withdrawn and the top rate of income tax applies, recent governments have, rather stealthily, increased the tax rates on high earners and the number of people facing high marginal rates of tax.
Press release
Years of cuts and rising demands for services like social care mean that council funding in England looks increasingly unsustainable. In this context, the idea of devolving additional tax revenues and powers has been gaining traction among English councils, as they seek both more funding and ...
Press release
Chris Belfield, Jack Britton, Neil Shephard and Laura van der Erve
The current system of funding undergraduate education means that costs to government are highest for subjects where graduates earn the least, and lowest for subjects where they earn the most. This is an unintended consequence of the English loan-based system, which costs taxpayers about £9 billion ...