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The Latest Breaking News from IFS

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

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

The Guardian - UK

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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.

Zenger

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…

The National (Scotland)

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 Hindu

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 National (Scotland)

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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 Independent 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 Guardian - 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 Independent UK

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 Hindu

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.

The Week

Proposal put to DWP for Universal Credit benefits £25 a week rise

Calls made to bring back the uplift after report reveals more than 100,000 people pushed into poverty by additional help axe

Wales Online

Ending private school tax breaks would raise £1.5bn for state sector, thinktank says

Labour’s pledge to remove independent schools’ tax benefits would have ‘limited effect’ on pupil numbers, according to research by IFS

The Guardian - UK

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The Independent UK

Axing tax breaks would have small effect on private school pupil numbers – IFS

The Labour Party has said it would end the tax exemptions enjoyed by private schools and use the revenue raised to help state schools.

Daily Mirror

Economists debunk Tory claim that axing private school tax breaks would lead to exodus

The Institute for Fiscal Studies rejected Conservative Party warnings that removing tax perks would lead to large numbers of pupils moving into the state schools system

The National (Scotland)

Tories' benefit cuts 'to push 100,000 into absolute poverty', report suggests

MORE than 100,000 people will be forced into absolute poverty by the UK Government’s £20 cut to Universal Credit in 2022-2023, according to…

The Guardian - UK

End to universal credit’s Covid top-up is fuelling rise in poverty, warns IFS

Pandemic’s £20 benefit uplift led to sharp fall in households living in poverty but replacement is far less effective

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Fortune

Half of boomers and late Gen Xers who took early retirement during the first Covid wave have fallen into poverty

Researchers suggest around 390,000 of the 50 to 70-year-olds who retired in 2020-21 were forced to leave the workforce, as opposed to “retiring in comfort”.

The Guardian - UK

Older UK workers who retired early in pandemic were ‘forced into poverty’

Thinktank challenges view that those taking early retirement under Covid were relatively well off

Chronicle Live

DWP Universal Credit claimants finding private rentals 'increasingly unaffordable'

A freeze on housing benefits means that the proportion of privately rented properties that people on the lowest incomes can afford has plummeted

Evening Standard

Only one in 20 newly-listed private rental homes are ‘covered by housing benefit’

Private rents will become increasingly unaffordable for those on low incomes if benefit freezes are maintained, the IFS said.

The Guardian - UK

Just 5% of private rentals affordable on housing benefit

Freeze on payment since April 2020 and soaring rents mean number of homes affordable to recipients is lowest on record

The Independent UK

Only one in 20 newly listed private rental homes ‘covered by housing benefit’

Private rents will become increasingly unaffordable for those on low incomes if benefit freezes are maintained, the IFS said.

The Independent UK

Rishi Sunak warned of ‘serious shock’ for mortgage holders as Bank of England poised to raise interest rates

Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates

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