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.
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.
The Conservatives’ funding plans for local government will lead to “further retrenchment” in council services, according to analysis by the Institute for Fiscal Studies.
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.
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...
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.
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.
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.
Allowing local authorities to retain business rates exposes them to risk if revenues fall. Neil Amin-Smith of the IFS considers how this risk might play out between county and district councils - and...
The government’s aim for a budget surplus by the mid 2020s may be “no longer sensible” amid current weak economic forecasts, according to the Institute for Fiscal Studies.
Scrapping the 1% pay increase cap for public sector workers could cost the Treasury £6bn a year by 2019/20, according to Institute for Fiscal Studies research.
London is the most unequal part of the UK, but has become somewhat more equal since the 2008 recession, research by the Institute for Fiscal Studies has found.
The Conservative and Labour manifestos fail to honestly address long-term challenges faced by the country's public finances, a think-tank has declared.
The Conservatives’ plans for public sector pay “risks exacerbating recruitment problems” while Labour’s proposals to increase pay would cost around £9bn a year, the...
Future squeezes on public finances could lead to a drop in the number of well-qualified people entering teaching and health professions, the Institute of Fiscal Studies has warned.
Household income in the UK will continue to stagnate over the next two years, while child poverty and inequality is set to grow, the Institute for Fiscal Studies has predicted.
The pace of government spending cuts is set to quicken under Philip Hammond’s plans to move the public finances into surplus, according to an analysis by the Institute for Fiscal Studies.
