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Press release
Jonathan Cribb, Helen Miller and Thomas Pope
Many more people try self-employment than the aggregate numbers suggest, but most fail quickly and very few ever go on to make significant investments or employ others.
Press release
"Like his rival, Jeremy Hunt has made some expensive pledges in his campaign to become prime minister", says IFS Director Paul Johnson.
Press release
Middle-income 60 to 74 year olds have total incomes more than 60% higher than the similar group in the mid-1990s, with earned income rising by 160% for this group as a whole.
Press release
Boris Johnson’s two main tax proposals – to increase the income tax higher rate threshold (HRT) from £50,000 to £80,000, and to raise the point at which people start paying National Insurance contributions (NICs) will "cost many billions of pounds", say IFS researchers.
Press release
Between 1994 and 2017 there was an increase from 13% to 18% in the proportion of people in working households living in relative poverty (that’s an increase of 40%). So by 2017 8 million people in the UK living in working households were in relative poverty.
Press release
Our social care system continues to leave families to face the catastrophic risk of losing all their assets. There is an obvious case for some form of social insurance and we need urgently to break the policymaking logjam.
Press release
Press release circulated for report on the health impacts of Sure Start (IFS R155)
Press release
Overall spending on local services by English councils fell by 21% between 2009-10 and 2017-18.
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New IFS analysis, funded by the Economic and Social Research Council, finds that though benefits do much of the work in reducing income inequality, taxes also redistribute from rich to poor, and are responsible for at least a fifth of the total redistribution the tax and benefit system achieves.
Press release
Today IFS formally launches the most comprehensive scientific analysis of inequalities yet attempted. In a review chaired by Nobel Laureate Professor Sir Angus Deaton and funded by the Nuffield Foundation, we intend not just to describe inequalities – in income, wealth, health, social mobility, ...
Press release
Thomas Pope
2018-19 saw the lowest deficit since 2001–02, following many years of fiscal consolidation since the financial crisis.
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For the first time, IFS researchers look at the effects of universal credit on people’s incomes over the longer run as well as the short run.
Press release
By freezing the thresholds at which child benefit is withdrawn, the personal allowance is withdrawn and the top rate of income tax applies, recent governments have, rather stealthily, increased the tax rates on high earners and the number of people facing high marginal rates of tax.
Press release
Years of cuts and rising demands for services like social care mean that council funding in England looks increasingly unsustainable. In this context, the idea of devolving additional tax revenues and powers has been gaining traction among English councils, as they seek both more funding and ...
Press release
Chris Belfield, Jack Britton, Neil Shephard and Laura van der Erve
The current system of funding undergraduate education means that costs to government are highest for subjects where graduates earn the least, and lowest for subjects where they earn the most. This is an unintended consequence of the English loan-based system, which costs taxpayers about £9 billion ...
Press release
Carl Emmerson and Thomas Pope
This morning the ONS released the latest public finance numbers, which provide data on public sector receipts and spending through to the end of January 2019. These are the final set of monthly data due to be published before the Chancellor’s Spring Statement which is scheduled for Wednesday ...
Press release
The statistical analysis the government cites to justify not including deprivation in the funding formula for many key services does not stand up to full scrutiny.
Press release
The business rates retention system in England is very complex. Clarity and accuracy from the government are vital ahead of a proposed move from 50% to 75% business rates retention in April 2020.
Press release
Ben Zaranko, Carl Emmerson and Thomas Pope
The Chancellor is yet to confirm how much money will be made available to departments at the 2019 Spending Review. To meet his promise to end austerity, Phillip Hammond will need to find billions of extra funding.
Press release
Stuart Adam, Thomas Pope and Robert Joyce
In 2013, support for low-income households to pay their council tax was localised across England and funding for it was cut, while it was mandated that pensioners be protected. Hence for the first time since the poll tax, some of the lowest-income households have been required to pay local tax.