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The Latest Breaking News from IFS

U.K. millennials will probably never see same income boom as elders, study shows

Income growth in the U.K. slowed massively after the financial crash, while it sped up in countries like the U.S. and Germany.

Fortune

The Guardian view on reforming special needs education: a demanding test for ministers

Editorial: The system has been stretched to breaking point. The government needs to come up with a plan

The Guardian - UK

‘Tractor tax’ blow to Starmer as Labour expert calls for government U-turn

Leading figure – whose analysis Starmer used to defend controversial policy – calls for inheritance tax threshold on farmers to be increased from £1m to £20m

The Independent UK

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Fix SEN funding to avoid ‘absurd’ council deficits in England, IFS says

Thinktank calls on government to set a long-term vision for radical change

The Guardian - UK

Funding increases for pupils with special educational needs insufficient – IFS

The Government recently earmarked £740 million of funding to create more specialist places in mainstream schools in England for children with Send.

The Independent UK

Air pollution hits 20-year low but public health risks remain – think tank

Almost all of England is still exposed to levels that the World Health Organisation associates with significant public health risks, researchers said.

The Independent UK

Five months of Keir Starmer in numbers, from record tax rises to sinking ratings

As PM announces a new set of targets for his government today, how has he fared in his first five months in the job? Our data correspondent reports.

The Independent UK

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Robison advised to ‘bank’ some of Budget spending boost ahead of tough choices

The Finance Secretary would be wise to carry over some of the additional £1.5 billion from the UK Budget this year, the IFS think tank has said.

Evening Standard

Inheritance tax on farms should be delayed to avoid unfairness, says thinktank

IFS suggests making gifts of land before a certain date tax-free so that elderly farmers would not be caught out

The Guardian - UK

Fewer than 500 farms a year will be hit by inheritance tax changes, says IFS

The economics think tank said tax planning would likely decrease the number of farms caught up by the tax reforms

Evening Standard

Fewer than 500 farms a year likely to be hit by tax changes – think tank

The economics think tank said tax planning would likely decrease the number of farms caught up by the tax reforms.

The Independent UK

Many farmers ‘wrong’ about inheritance tax change, Environment Secretary says

Steve Reed rejected claims that the Government has underestimated how many will be affected by the plans.

Evening Standard

Michael Marra 'ridiculous' for criticising Scottish higher taxes, say SNP

THE SNP have branded a Labour MSP “ridiculous” after he criticised Scotland having higher taxes for the wealthy.

The National (Scotland)

'Uncertainty' over whether SNP tax policy has cut revenues, says think tank

RESEACHERS have said they are unable to establish whether higher taxes in Scotland have cut Government revenues.

The National (Scotland)

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Evening Standard

OPINION - What happened when London's youth clubs shut

Exactly what you’d expect, to be honest

Evening Standard

'Damning': London youth club closures led to increase in crime, report suggests

Mayor of London, Sadiq Khan described the report as ‘damning’

The Independent UK

Youth club closures led to increased offending and worse GCSE results – IFS

The impact of the closures in London was even more severe for disadvantaged pupils, according to the working paper.

The National (Scotland)

Scottish independence group issues convention update amid Alex Salmond memorial clash

A SCOTTISH independence group has postponed a convention it had planned for St Andrew's Day to avoid a clash with a memorial for Alex Salmond.

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The Guardian - UK

Work experience can tackle school absences, says Manchester airport boss

Ken O’Toole says companies should be made to give young people workplace opportunities long before they turn 15

The Guardian - UK

Is austerity over? Will farmers lose out? Six big questions about Rachel Reeves’s budget

The Labour chancellor unveiled lots of plans for long-term investment. But there is plenty of lively debate about the immediate impact

The Guardian - UK

Rachel Reeves’s budget survives contact with reality – for now

The chancellor, on the morning-after media round, just scraped a no-score draw despite a pervasive sense of unkept promises

The Independent UK

Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’

Rachel Reeves was forced to accept that her decision to raise employers’ national insurance contributions will lead to workers being paid less, but asked, ‘what alternative was there?’

Evening Standard

Spending plans mean £9 billion of cuts after next year, economists warn

Economists have suggested Labour’s longer-term spending plans are ‘extremely challenging’ and do not rule out a return to austerity.

The Guardian - UK

Rachel Reeves may need extra £9bn to avoid cuts to public services, says IFS

Institute for Fiscal Studies says chancellor may have to revisit tax plans to avoid real-terms cuts in some areas

The Independent UK

UK politics live: Budget means weekly pay to rise just £13 in 20 years as IFS calls Reeves’s plans ‘unrealistic’

The Resolution Foundation has warned that the pay outlook is “dire” and many UK workers will not feel any better off by the end of this Parliament

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