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Press release
Andrew Hood and Robert Joyce
New IFS analysis examines the importance of inheritance amongst different cohorts.
Press release
New IFS analysis examines the importance of inheritance amongst different cohorts.
Press release
Automatic enrolment – where employers have to enrol employees into a workplace pension scheme, from which employees can then choose to leave – increased pension saving by £2.5 billion per year by April 2015.
Press release
In this Autumn Statement lower growth forecasts will push up forecast government borrowing and debt. By 2019–20 our central estimate is that, with no policy change, lower growth could result in tax revenues being £31 billion lower than forecast in the Budget. This might be offset by £6 billion ...
Press release
Press Release for IFS Report 'A time of revolution: British local government finance in the 2010s'
Press release
Institute for Fiscal Studies (IFS), The Institute for Government (IfG), and Chartered Institute of Taxation (CIOT) have written to the Chancellor listing immediate changes they believe will improve and simplify the making of tax policy and ultimately improve the UK’s tax system
Press release
Jonathan Cribb, Andrew Hood and Robert Joyce
In their early 30s, people born in the early 1980s have average (median) net household wealth of £27,000 per adult - about half the median wealth that those born in the 1970s had at around the same age (£53,000).
Press release
Given the plans and forecasts set out in the UK government’s March 2016 budget, the Welsh Government’s budget could be cut by 3.2% in real terms over the next three years, with cuts largest in 2018-19 and 2019–20. If the Welsh Government chooses to protect the NHS budget in the same way as ...
Press release
Monica Costa Dias, William Elming and Robert Joyce
On average women in paid work receive about 18% less per hour than men. IFS research published today, funded by the Joseph Rowntree Foundation, shows that the wage gap is much smaller when comparing young women – before they become mothers – to their male counterparts. But the gap widens ...
Press release
A new IFS briefing note published today shows how the historical increase in the graduate proportion did not lower graduates’ relative wages. However, the research also suggests that further expansion of higher education in the future could lower graduates’ relative wages.
Press release
The UK public has voted to leave the European Union. But the economic choices that still face us are very big. Perhaps the most important is the choice over whether the UK retains membership of the single market. Despite the efforts of some to confuse the issue “membership of” the single market ...
Press release
Recent years have seen a truly remarkable transformation in patterns of low income in the UK. One great success is that pensioner incomes have grown so much and, after housing costs, they are now the least likely major demographic group to be in income poverty. Another is that more people are in ...
Press release
Rebecca Allen, Chris Belfield, Ellen Greaves, Caroline Sharp and Matt Walker
Teacher recruitment and retention are increasingly challenging for schools as the pools of graduates in key subjects decline and pupil numbers grow. New IFS research released today reveals around 40% of teachers who begin their initial training are not in a state school job five years later. That ...
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New IFS analysis on inequality in childhood, which form part of the IFS’s forthcoming flagship annual report on Living Standards, Poverty and Inequality in the UK, funded by the Joseph Rowntree Foundation.
Press release
We examine both the direct and indirect effects of Brexit on the UK’s public finances, based on a comprehensive review of studies analysing the short- and long- term economic effects of Brexit.
Press release
School spending in England has become increasingly targeted at schools with pupils from poorer backgrounds over the past 20 years. As a result, spending per pupil in 2013–14 amongst the 20% of secondary schools with the poorest pupils was £1,800 more than spending per pupil in the richest 20% ...
Press release
Graduates from richer family backgrounds earn significantly more after graduation than their poorer counterparts, even after completing the same degrees from the same universities. This is one of many findings in new research published today which looks at the link between earnings and students’ ...
Press release
Scotland’s Fiscal Framework – an essential part of the devolution of new tax and welfare powers – was finally agreed one month ago, after many months of tortuous negotiations. The most difficult thing to agree was how to adjust the Scottish Government’s block grant funding to account for ...
Press release
James Browne and Andrew Hood
Strong employment growth has reduced the number of people living in households with incomes below a fixed poverty line over the last two years, but planned cuts to benefits and tax credits will mean no growth in the incomes of poorer households on average over the next five years. These are among ...
Press release
Savers face a complex and changing array of different tax treatments. These differences are big and can make the cost of choosing the ‘wrong’ savings vehicle very large. In addition apparently small differences in fees and charges can outweigh the effects of different tax treatments. Meanwhile ...