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The Latest Breaking News from IFS

Jeremy Hunt can afford public sector pay rises at March Budget, says IFS

Ditching fuel duty freeze could pay for more generous settlement, suggests think tank

The Independent UK

People paying into a pension can boost retirement savings at three key points during their lifetime

Knowing when to make changes to your pension could increase your later-life income.

Daily Record

Nudging pension savers at key life stages ‘could boost retirement outcomes’

The Institute for Fiscal Studies said when employees do have extra cash available very few put any of it into their pension.

The Independent UK

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

Warning as 820,000 people could miss out on £900 cost of living payment

The Institute for Fiscal Studies said around 825,000 people could miss out on the payments because they earn "slightly" more than what you can to get Universal Credit

Daily Mirror

Thousands who miss out on DWP Cost of Living Payment 'will end up poorer than those who get it'

A think tank has slammed the payment as a 'crude patch' for dealing with long-running problems with the benefits system

Nottingham Post

Many Universal Credit claimants to miss out on DWP Cost of Living payments

Hundreds of thousands of people could be "better off earning less", a think tank has warned

Liverpool Echo

DWP cost of living payments are making some families 'worse off', think tank claims

A think tank described the cost of living payments as “crudely targeted”

Manchester Evening News

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More than 820,000 people on Universal Credit expected to miss out on new £900 cost of living payment

The first part of the means-tested cost of living payment is worth £301 and due to be made this Spring.

Daily Record

Many benefits recipients will be worse off until April 2025, warns think tank

The Institute for Fiscal Studies also believes hundreds of thousands of people could be in a better position financially if they earned less

Wales Online

Many benefits recipients will be worse off until April 2025, IFS warns

Government cost-of-living payments are a ‘crude patch’ which cost around £2bn more than if benefits had risen with inflation, the think tank said.

The Independent UK

My generation is sucking Britain’s young people dry. Why are politicians too scared to admit it?

The social contract between young and old is broken and inequality is out of control. The government must step in, says Guardian columnist Polly Toynbee

The Guardian - UK

‘Bank of mum and dad’ stoking Britain’s rising inequality, warns report

Billions in gifts or loans given when children are in early adulthood and buying first home or getting married

The Guardian - UK

Scotland's tax and benefits system more progressive than rest of UK, report finds

SCOTLAND’S tax and benefits system is now considerably more progressive than elsewhere in Britain, a report has found.

The National (Scotland)

Follow the Money by Paul Johnson review – how to spend it

The most influential beancounter in Britain decodes the public finances – and that disastrous mini-budget

The Guardian - UK

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Daily Record

Tax and benefits system more progressive in Scotland than rest of UK - report

Average household incomes have dropped since 2017 but the poorest 10% are set to have incomes £580 a year higher, according to the IFS

Insider UK

Tax and benefits system 'more progressive in Scotland than rest of UK'

Think tank says the poorest 10th of Scottish households are set to have incomes £580 a year higher than they would in England and Wales

The Guardian - UK

NHS waiting lists in England unlikely to fall in 2023, research suggests

Waiting lists will flatline rather than fall despite being one of Rishi Sunak’s priorities for the year, says IFS

The Independent UK

NHS waiting list likely to ‘flatline’ for the next year, economists warn

The Institute for Fiscal Studies said the Government is unlikely to reach its waiting list targets this year.

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Evening Standard

NHS waiting list unlikely to get any shorter this year, think tank warns

Institute for Fiscal Studies says health service would need to achieve ‘remarkable increase’ in number of patients it is treating

The Guardian - UK

Debt, bad; work, good: ‘pub bore’ beliefs that seal a miserable fate for the poorest

Politicians and the media often present policies as moral duties, when they are nothing of the sort

The Independent UK

Scottish councils facing real-terms cut even with tax increase, says think tank

The Scottish Government’s plan for tax and spending cleared its first parliamentary hurdle on Thursday.

Wales Online

The figure that shows why teachers are on strike in Wales

Experts have looked at teachers pay in the last 13 years

The Independent UK

Pension triple lock unsustainable, warns IFS

Benefits system increasingly skewed towards parents and pensioners, says Institute for Fiscal Studies

The Independent UK

Benefit reforms have pushed many into part-time, low-paid jobs – IFS

Those encouraged to move into work often remain on meagre wages, paying little in tax and still receiving in-work benefits, the think tank found.

The Guardian - UK

UK benefit changes have pushed people into dead-end, low-paid jobs, says IFS

Tougher rules have boosted employment but jobs offer scant career progression and contribute little to tax revenue

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