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16 Feb 21
The UK government might have to raise up to £60bn in taxes to offset Covid-19 expenses, though tax changes should be avoided in next month’s Budget, an economist has warned.
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5 Feb 21
Councils expect to collect £1.3bn less council tax in 2020-21 than they forecast before Covid-19 hit, after the crisis damaged some households’ ability to pay bills, according to the Institute for...
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1 Feb 21
The loss of teaching resulting from Covid-19 school closures could see a £100bn long-term hit to taxation on reduced lifetime earnings for affected children, according to the Institute for Fiscal...
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12 Jan 21
A reform of current taxes would be more efficient and raise more money than a new levy based on wealth, according to the Institute for Fiscal Studies.
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21 Dec 20
Core funding for councils in England is set to be 3% lower in real terms per head next year than in 2015-2016, according to the Institute for Fiscal Studies.
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13 Oct 20
The UK will need £40bn in tax rises in five years’ time to prevent debt from ‘spiralling upwards’, according to the Institute for Fiscal Studies.
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2 Oct 20
The economic disruption caused by Covid-19 and Brexit could complicate the government’s “levelling up” agenda, according to the Institute for Fiscal Studies.
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29 Sep 20
Making the upcoming Comprehensive Spending Review a single year would be a “sensible decision”, according to the Institute for Fiscal Studies.
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8 Sep 20
As director of the Institute for Fiscal Studies, Paul Johnson has overseen a period of ‘extraordinary’ lockdown output from his organisation, charting Covid-19’s economic impact.
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3 Sep 20
Tax reforms should be implemented alongside the raising of tax rates to make eventual rises “less painful”, the Institute for Fiscal Studies has suggested.
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19 Aug 20
Councils lack the necessary reserves to meet the £2bn shortfall local authorities still face from the impact of Covid-19, according to the Institute for Fiscal Studies.
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21 Jul 20
The Institute for Fiscal Studies has warned the comprehensive spending review could lead to less money for spending departments than was trailed in March’s Budget, due to the Covid-19 pandemic.
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13 Jul 20
The Institute for Fiscal Studies has voiced worries over a lack of detail from government on the Shared Prosperity Fund, expected to replace European Union structural funds from next year.
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9 Jul 20
Government borrowing in response to Covid-19 could rise to £500bn in the wake of chancellor Rishi Sunak’s economic package announced yesterday, according to the Institute for Fiscal Studies.
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22 Jun 20
Ministers have been called to temporarily relax the borrowing rules for local authorities to cover-day-day spending, according to a report from the Institute of Fiscal Studies.
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27 Mar 20
Government borrowing is forecast to be as high £177bn in 2020-21, but still lower than in 2009, according to the Institute for Fiscal Studies.
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2 Dec 19
The Conservatives’ funding plans for local government will lead to “further retrenchment” in council services, according to analysis by the Institute for Fiscal Studies.
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3 Oct 19
The government will have to find a way of replacing revenue lost from fuel tax as it works towards hitting emissions targets, economists have warned.
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21 Mar 19
Councils could benefit from £19.3bn extra a year if they were able to collect a local income tax, economists have estimated.
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5 Mar 19
Lone parents and renters are the most likely groups to fall into arrears since local authorities were given control of council tax relief, a think-tank has found.
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31 Oct 18
The chancellor managed to ease the squeeze on the public sector with his Budget on Monday but he dodged the tough decisions needed to come up with long-term solutions for funding services, says the...
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16 Oct 18
Public services will have to receive £19bn a year for the next five years if austerity is to end as the prime minster recently promised, according to the Institute for Fiscal Studies.
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29 Aug 18
The recalculation of local government funding allocations should take into account all the ways councils could bring in money, explains the IFS’s Neil Amin-Smith.
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14 Jun 18
Wales would take a financial hit if the Barnett formula is used to allocate replacement funding for EU programmes, the Institute for Fiscal Studies has warned.
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12 Apr 18
The 147 English councils in the 100% business rates pilot will receive about £870m in extra funding this financial year, a think-tank has said today.