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The Latest Breaking News from IFS

Chancellor could have to break one annual fiscal event commitment – experts

The Chancellor will deliver a statement on March 26 in response to the latest forecast from the budget watchdog.

Evening Standard

Rachel Reeves has set herself a fiscal ‘trap’ ahead of spring statement, economists warn

Economists warn new forecasts likely to see chancellor’s headroom disappear because of higher borrowing costs and weak growth

The Independent UK

‘Pass-fail’ fiscal rules leave UK exposed to global changes – IFS

Updated forecasts could see Rachel Reeves’ headroom disappear because of higher borrowing costs and weak growth.

Evening Standard

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Starmer leaves door open for more tax rises and spending cuts in spring Budget

But the prime minister also tried to play down fears of a repeat of Rachel Reeves’ shock £40 billion tax rise Budget

The Independent UK

Starmer accused of fiddling the figures on defence spend increase

The defence secretary admitted Sir Keir’s figures were misleading as the Tories demand Labour to be ‘straight about the facts’

The Independent UK

Starmer can only hope slashing aid to boost defence wins Trump’s favour

PM’s Washington trip clear impetus for abrupt news of budget switch to meet defence commitment by 2027

The Guardian - UK

Scotland could learn from Wales on council tax reform, says expert

Scotland could learn from the Welsh Government’s plans for council tax reform, an academic has said.

The National (Scotland)

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Public sector pay in Scotland outstrips rest of UK

Public sector pay in Scotland is higher than the rest of the UK, new research has found.

The National (Scotland)

Suresh K Reddy appointed as next Ambassador of India to Egypt

Ambassador Reddy who belongs to the 1991 batch of Indian Foreign Service (IFS) is presently serving as India's Ambassador to Brazil. Read further on Dynamite News:

Dynamite News

Majority of Scottish households paying wrong council tax, think tank says

MORE than half of Scottish households are paying the wrong council tax rates, a leading economic think tank has said ...

The National (Scotland)

Labour must seize the moment to show child poverty matters in push for growth

Scrapping two-child benefit cap is among levers Rachel Reeves could pull – yet chancellor remains silent on ‘shameful’ levels of poverty

The Guardian - UK

Massive administrative reshuffle in Rajasthan; 53 IAS, 113 RAS, 34 IFS transferred

On Friday, IAS officer Ashutosh Pednekar, from the 2002 batch, has been appointed as the new Secretary to the Govt, Tribal Area Development Department, succeeding Bhanu Prakash of the 2003 batch. Read further on Dynamite News:

Dynamite News

Everything you need to know about the Convention on Scotland's Future

A SCOTTISH independence group has released further details on a convention to discuss the sort of country which independence could create ...

The National (Scotland)

Senior IFS Jitender Pal Singh appointed as India's Ambassador to Israel

Just in: Senior IFS officer Jitender Pal Singh has been appointed as the next Ambassador of India to Israel. Read further on Dynamite News:

Dynamite News

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Evening Standard

Awareness of Sharia-compliant pension options should be increased, says IFS

Policymakers and businesses should look at ways to simplify the process of switching to Sharia-compliant investment strategies, the IFS said.

The Guardian - UK

‘Hotel of mum and dad’ in UK at its fullest in two decades, study finds

Almost a fifth of adults aged 24-34 are living with parents, particularly young men and those in areas of high-cost housing

The Independent UK

Hotel of mum and dad: Huge increase in adults living at their parents house

Men are more likely than women to be living at home

The Independent UK

Reeves defiant over China trip in face of growing criticism and economic turmoil

Labour chancellor accused of ‘undesirable’ policies and ‘incompatible promises’

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The Guardian - UK

Schools in England face ‘death by a thousand cuts’, headteachers say

Rising costs likely to outstrip funding in coming year, despite recent injections of additional money

The Independent UK

Schools face tight budgets as rising costs may outstrip growth in funding – IFS

State schools in England could struggle to cover their costs in the next academic year, a report has suggested.

Dynamite News

Senior IFS officer Srinivas Gotru appointed as next Ambassador of India to ASEAN

According to the Ministry of External Affairs, he is expected to take the charge shortly. Read further on Dynamite News:

The Independent UK

Voices: Rachel Reeves is relying on a risky strategy – that may well backfire

COMMENT: The chancellor’s approach can hardly be considered prudent – especially when it depends so heavily on economic growth, writes John Rentoul

Fortune

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.

The Guardian - UK

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 Independent 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

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