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Press release
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 – ...
Press release
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 ...
Press release
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 ...
Press release
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 ...
Press release
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.
Press release
Peter Levell, Barra Roantree and Jonathan Shaw
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 ...
Press release
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 ...
Press release
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 ...
Press release
Rising employment between 2009–10 and 2013–14 led to increases in the proportion of children living with working parents. At the same time, falls in real earnings reduced the incomes of working families. These two contrasting trends led to absolute child poverty remaining unchanged overall in ...
Press release
The pace of public workforce cuts is likely to accelerate over the new parliament. Conservative party plans outlined in their manifesto imply a further reduction in the public workforce of 580,000 between 2014–15 and 2018–19, unless the government imposes further public pay restraint. The last ...
Press release
Rachel Griffith of the Institute for Fiscal Studies (IFS) has been recognised in the Queen’s Birthday Honours and made a CBE for her services to economic policy.
Press release
Stuart Adam, James Browne, Carl Emmerson, Andrew Hood, Paul Johnson, Robert Joyce, Helen Miller, David Phillips, Thomas Pope and Barra Roantree
With significant deficit reduction still to come, households can expect the tax and benefit changes implemented over the next parliament to reduce their incomes, on average. There are large differences between the Conservatives, Labour and the Liberal Democrats in how they propose to do this. But ...
Press release
Rowena Crawford, Carl Emmerson, Soumaya Keynes and Gemma Tetlow
New research, published today by the IFS and funded by the Nuffield Foundation, analyses the public finance implications of these political parties’ election manifesto commitments, and sets out the size and composition of the future fiscal tightening that each appears to be planning.
Press release
Barra Roantree and Jonathan Shaw
Almost three times as many people interact with the benefit system over an 18 year period than in a single year on average. As most analyses of benefit reforms are based on measures of individuals’ circumstances at a particular point in time, often a week or a month, they will understate the ...
Press release
Overall current or day-to-day school spending in England has been remarkably well protected under the coalition government. Over the next parliament, current spending on schools could be squeezed harder. Although the commitments made by the three main UK parties are subtly different, they could all ...
Press release
The Economic and Social Research Council today announced the renewal of funding for the Centre for the Microeconomic Analysis of Public Policy at the IFS. Running for five years from this Autumn, the centre will again be led by IFS research director Professor Sir Richard Blundell.