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The Latest Breaking News from IFS

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

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

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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

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

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

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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.

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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.

Wales Online

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

The Guardian - UK

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 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…

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