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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.
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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.
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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% ...
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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’ ...
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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 ...
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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 ...
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The IFS Green Budget 2016, produced in association with ICAEW and funded by the Nuffield Foundation with analysis from Oxford Economics, is published today. November’s Spending Review was not the last chapter in the Chancellor’s fiscal consolidation. Having set himself a very inflexible target ...
Press release
James Browne, Andrew Hood and Robert Joyce
During this parliament the government plans to replace most of the means-tested benefits system for working-age families with a single payment called universal credit (UC). A series of pre-emptive cuts mean that introducing UC will in the long run reduce the generosity of the benefit system – ...
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Distilling microeconomics research into direct policy implications will be the focus of a new website developed by researchers at the Institute for Fiscal Studies, University College London, Princeton University, Harvard University, London School of Economics Northwestern University, University of ...
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The Scotland Bill, currently making its way through the Houses of Parliament, will transfer a range of tax and spending powers from Westminster to the Scottish Parliament. At the same time, an adjustment will have to be made to Scotland’s block grant funding from Westminster – a key part of the ...
Press release
Rowena Crawford, David Innes and Cormac O'Dea
Wealth among working-age households increased on average by more than inflation over the late 2000s, despite the financial crisis. This was driven by increases in pension wealth, which on average more than offset the declines in housing wealth resulting from falling house prices. However, younger ...
Press release
Stuart Adam, Daniel Chandler, Andrew Hood and Robert Joyce
Reductions in social rents announced in the July Budget will be of little or no direct benefit to most of the 3.9 million households in England living in social housing. The consequent reduction in housing benefit will save the exchequer money, and will strengthen tenants’ work incentives as they ...
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The director of the Institute for Fiscal Studies (IFS) Paul Johnson says the current generation of pensioners is better off than ever before, and for the first time have incomes higher on average than the rest of the population (Tuesday 20 Oct 2015).
Press release
Jo Blanden, Ellen Greaves, Paul Gregg, Lindsey Macmillan and Luke Sibieta
Less than a quarter of children on free school meals in inner London obtained five or more A*–C grades at GCSE or their equivalent (including English and Maths) in 2002. In 2013, this had risen to almost half (48%). Gains were much smaller among disadvantaged children outside London (17%) to ...
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Jack Britton, Neil Shephard and Anna Vignoles
The significantly higher earnings that graduates in England can expect over those who didn’t study at university, the ‘graduate premium’, has been revealed in detail by a large new study – the first of its kind.
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In a single year, 64% of individuals in the UK pay more in taxes than they receive in social security. But most individuals experience considerable change over their lifetimes: for example those not in paid work in one year are often in work in another year. New analysis, published by the Institute ...
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A number of changes to the tax and benefit system have been announced for implementation in the current parliament as part of the government’s deficit reduction programme. An analysis by researchers at the Institute for Fiscal Studies (IFS) finds that the package of changes to tax, tax credits ...
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Two major changes to student finance were proposed in the Budget. The replacement of maintenance grants by loans from 2016–17 will raise debt for the poorest students, but do little to improve government finances in the long run. The proposed freezing of the repayment threshold for loans, on the ...