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The Latest Breaking News from IFS

‘Harder now than any point in last 50 years for poor to move up wealth ladder’

People who grew up on free school meals tend to earn thousands less than their peers by the time they reach their late 20s, the IFS said.

The Independent UK

Labour plans will boost investment but could squeeze money for new schools – IFS

The opposition has pledged to spend £28 billion a year on its Green Prosperity Plan, but this could leave little extra money for rebuilding schools.

The Independent UK

One in 11 workers in England could be NHS staff by 2036-37, study shows

Institute for Fiscal Studies estimates workforce expansion plan means NHS would employ 49% of all public sector staff

The Guardian - UK

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Retired IAS,IPS, IFS officers seek action against IIMB faculty members for writing letter to corporate leaders

In a counter to a section of current and retired faculty members of the Indian Institute of Management-Bangalore (IIMB) asking corporate leaders to “de-fund the spread of misinformation and hate speech”, a group of 23 retired IAS, IPS, IFS, and Defence Services of Karnataka have written to Devi Prasad Shetty,…

The Hindu

UK faces stark choice of higher taxes or decline in public services, warns IFS

Even if taxes rises are chosen, system needs root-and-branch reforms as all main levies are flawed, finds study

The Guardian - UK

Scottish public spending deficit falls as oil revenues hit record high

Both sides of constitutional debate use Gers data to argue case for and against independence

The Guardian - UK

Intel's purchase of Tower terminated, likely blocked by Chinese regulator

Despite the best efforts of CEO Pat Gelsinger, Intel was not able to secure regulatory approval for its $5.4 billion purchase of Tower Semiconductor. The deal has now been terminated by both sides.

Windows Central

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China Delays Kill Intel's Tower Acquisition, Intel to Pay $353 Million Breakup Fee

Intel will not pursue acquisition of Tower Semiconductor following delay of Chinese review.

Tom’s Hardware

Funding of public services in England skewed against poor areas, says IFS

Thinktank warns that government’s promises of levelling up are being undermined by system that is ‘not fit for purpose’

The Guardian - UK

Poorer areas missing out because public funding system has broken down – study

The Institute for Fiscal Studies said the Government’s use of old data meant the allocation of funding often fell short.

The Independent UK

63 IFS retired officers highlight violation of Forest Rights Act, write to PM Modi

Retired forest officers express "extreme concern" over irreversible damage to forests due to FRA-2006. Encroachments increased under garb of Act, regularised for political gains.

The Hindu

63 retired IFS officers from across India write to Centre on misuse of Forest Rights Act

A group of 63 retired IFS officers from different States have written letters to the top brass at the Centre, including the Prime Minister, Union Ministers of the MoEF&CC and Ministry of Tribal Affairs, expressing concern over the alleged misuse of the Forest Rights Act (FRA) 2006.

The Hindu

Scotland has had ‘slower growth’ in employment and wages since 2014, report says

Scottish Liberal Democrat economy spokesperson Willie Rennie MSP said the SNP must get serious about ending ‘depressed economic performance’.

The Independent UK

1,365 vacant posts in IAS, 703 in IPS: Government tells Rajya Sabha

There are 1,365 vacancies in the Indian Administrative Service (IAS) and 703 in the Indian Police Service (IPS), Union Minister of State for Personnel Jitendra Singh informed Rajya Sabha in a written reply on August 3, 2023

The Hindu

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The Guardian - UK

Pandemic set back social and emotional growth of children in England, study finds

Half of youngsters from all economic backgrounds affected and especially those whose parents’ jobs were hit, says the Institute for Fiscal Studies

The Guardian - UK

Big pay rises for top earners in London have masked cuts in rest of UK, says IFS

Britain’s earnings gap is growing as business services, finance and IT workers prosper, thinktank finds

Zenger

Venture Capital Investor Predicts New Crypto Bull Market To Surpass Previous Cycles

Chris Burniske expects regulatory changes, new products, and maturing IFS to drive crypto to new heights.

The National (Scotland)

Rishi Sunak's £19bn scheme blasted as expensive 'sticking plaster'

AN influential think tank has found that the £19 billion scheme launched by Rishi Sunak which was supposed to help people survive the cost of…

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news in one place.

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The Hindu

Forum for Good Governance opposes practice of giving frequent extensions to retired officers in Telangana

FGG urges Telangana govt. to review practice of re-appointing retired officers and giving them multiple extensions. SC termed extension of ED Director's tenure as illegal. Several All India Service officers and engineers given multiple extensions. IAS, IPS and IFS officers taken as advisers, sending signal to working officers. Irrigation Dept.…

The National (Scotland)

Size of Scottish poverty reforms 'not appreciated', IFS director says

THE size of recent Scottish welfare reforms is “not really appreciated” and their impact will be “really quite significant”, a director at…

The Independent UK

Cost of living payments failing to reach those in greatest need, IFS warns

The payments have helped alleviate significant deprivation but their effectiveness in poverty reduction has been limited, the IFS argued

The Guardian - UK

UK cost of living payments were ineffective sticking plaster, IFS says

Thinktank says nearly £19bn cost of scheme would have been better spent on raising value of benefits

The Independent UK

Lump-sum cost-of-living payments not targeted at those in greatest need – IFS

The payments have helped alleviate significant deprivation but their effectiveness in poverty reduction has been limited, the IFS argued.

The Hindu

Lokesh Jayaswal appointed Chief Wildlife Warden

Govt. of Telangana transfers PCCF Lokesh Jayaswal to PCCF (Wildlife) & Chief Wildlife Warden. C.Suvarna appointed PCCF (Haritha Haram).

The Week

Labour’s assault on private school tax breaks: a vote winner?

A leading think tank has dismissed fears of a “mass exodus” from Britain’s private schools if a Labour government carried out its pledge to scrap tax breaks for fee-paying schools.

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