Tax cuts in Friday’s ‘fiscal event’ are set to raise UK government borrowing by more than £30bn – more than half of the total increase in borrowing since the Office for Budget Responsibility last...
The government’s plan to temporarily cap energy bills for households and businesses will likely lead to higher borrowing and increased pressure on public finances, experts have said.
The government will need to give departments an additional £44bn in the coming years as inflation eats into budgets, an economist at the Institute for Fiscal Studies has said.
Rising wages are set to make school finances difficult next year as funding increases fall below forecast spending growth, the Institute for Fiscal Studies has warned.
Tax cuts proposed by Conservative leadership candidate Liz Truss could cost more than £30bn and break the government's fiscal rules, economists at the Institute for Fiscal Studies have warned.
A lack of detail on how proposed national insurance changes will affect health and social care budgets shows the claimed link between the two is 'absurd', according to experts.
The government’s ‘levelling up’ agenda is reliant on detail on funding reforms omitted from last month’s white paper, according to the Institute for Fiscal Studies.
The government’s decision to freeze income tax bands will provide the government with £20bn additional revenue a year, more than double initial forecasts, according to the Institute for Fiscal...
English council’s finances were not as badly affected by Covid-19 as had been expected, according to new research – but the authors warned against government complacency in the coming years amid the...
Spending available to “unprotected” government departments will be tight over the next three years, and could lead to some areas receiving cuts, according to the Institute for Fiscal Studies.
Medium-term cuts to public sector spending outlined in the Budget could see a return to austerity for some departments including justice and local government, an economist has warned.
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.
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...
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...
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.
The economic disruption caused by Covid-19 and Brexit could complicate the government’s “levelling up” agenda, according to the Institute for Fiscal Studies.
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.
Tax reforms should be implemented alongside the raising of tax rates to make eventual rises “less painful”, the Institute for Fiscal Studies has suggested.
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.
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.
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.
