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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 ...
Press release
The statistical analysis the government cites to justify not including deprivation in the funding formula for many key services does not stand up to full scrutiny.
Press release
This morning the ONS released the latest public finance numbers, which provide data on public sector receipts and spending through to the end of January 2019. These are the final set of monthly data due to be published before the Chancellor’s Spring Statement which is scheduled for Wednesday ...
Press release
The business rates retention system in England is very complex. Clarity and accuracy from the government are vital ahead of a proposed move from 50% to 75% business rates retention in April 2020.
Press release
The Chancellor is yet to confirm how much money will be made available to departments at the 2019 Spending Review. To meet his promise to end austerity, Phillip Hammond will need to find billions of extra funding.
Press release
In 2013, support for low-income households to pay their council tax was localised across England and funding for it was cut, while it was mandated that pensioners be protected. Hence for the first time since the poll tax, some of the lowest-income households have been required to pay local tax.
Press release
Jack Britton and Chris Belfield
On average, attending higher education increases the age 29 earnings of men by 6% and women by 26%. If we focus on the impact of graduating from higher education, these returns rise to 8% and 28%.
Press release
Chris Belfield, David Goll and Luke Sibieta
Children from poorer backgrounds now have more spent on their education than do those from better-off families.
Press release
Chris Belfield and Laura van der Erve
We know that higher education provides a significant boost to earnings. But when considering future family income, other aspects matter too: how many hours graduates work, who they partner and how much tax they pay.
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The rising state pension age has affected women differently according to their characteristics and awareness of the reform.
Press release
Our annual Green Budget looks at the issues and challenges facing Chancellor Philip Hammond as he prepares for his Budget later in October.
Press release
Big increases in house prices compared to incomes over the last two decades mean that it is increasingly difficult for young adults to get on the housing ladder, even if they do manage to save a 10% deposit.
Press release
In new analysis, researchers at IFS have investigated which industries, regions and types of workers would be most and least affected by increased barriers to trade with the EU under different Brexit scenarios.
Press release
Chris Belfield, Luke Sibieta and Christine Farquharson
Funding for 16- to 18-year-olds and for general further education has been cut much more sharply than funding for schools, pre-school or higher education.
Press release
The government’s Fair Funding Review for councils could hit inner London boroughs like Westminster but help councils in more suburban and rural parts of England. This reflects likely changes to assessments of councils’ spending needs and revenue-raising capacity.
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We estimate that public sector pay awards announced by the government will cost around £800 million per year extra compared to the 1% increases previously planned for – with the largest cost to the Department for Education and the NHS.
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Between 2009-10 and 2017-18, total school spending per pupil in England fell by about 8% in real terms, which compares with about 5% in Wales.
Press release
The IFS, Health Foundation, King's Fund and Nuffield Trust publish analysis of funding pressures on the NHS and how public spending on health has changed relative to other services, and a review of the government's options for meeting these pressures in future.
Press release
Evidence submitted to the Welsh Assembly Finance Committee's inquiry on preparations for the replacement of EU funding programmes after Brexit