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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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3 Nov 20
The Universities Superannuation Scheme deficit has widened to £21.5bn, more than 50% higher than the previous £13bn estimate in July, 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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9 Oct 20
The government will face some tough choices on benefit reforms following record applications, with some aspects of the system already “ripe for reform”, according to the Institute for Fiscal Studies.
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5 Oct 20
Chancellor Rishi Sunak signalled that plans for the government to get debt back under control will be pushed into the medium term, following this year’s record borrowing.
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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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11 Sep 20
Imposing tax increases too early could “stifle” the UK’s economic recovery from the coronavirus pandemic, a report from the Treasury Select Committee has warned.
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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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2 Sep 20
Work and pensions secretary Therese Coffey has suggested the cutting of taxes could help stimulate the economy post-Covid-19.
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27 Aug 20
Scottish debt rose to £15.1bn last year, around £2bn more than last year, according to statistics released by the Scottish Government.
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21 Aug 20
UK public sector net debt reached £2trn for the first time in July, in part down to the increased borrowing resulting from Covid-19.
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20 Aug 20
Business rate income for local authorities halved in the first quarter, while council tax income stayed steady, according to the first official figures on the impact of Covid-19 on council income.
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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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9 Jul 20
The government will need a plan to manage its Covid-related debt in place by the autumn, according to former permanent secretary to the Treasury, Lord Macpherson.
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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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6 Jul 20
Up to 13 universities could go into negative reserves this year risking long-term security without a government bailout, according to a report from the Institute for Fiscal Studies.
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2 Jul 20
Tuesday’s government announcement of infrastructure improvements will lead to more than £3bn extra spending this year relative to the Budget, according to the Institute of Fiscal Studies.
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26 Jun 20
A temporary VAT cut could help stimulate the economy, but only if timed correctly, according to the Institute for Fiscal Studies.
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22 May 20
Public sector borrowing hit a record £62.1bn in April 2020, during the first full month of Covid-19 lockdown measures, according to the Office for National Statistics.
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18 May 20
The coronavirus outbreak, and the policy response to mitigate its consequences, will have ramifications for public finances that will far outlast the immediate public health crisis. Although the full...
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24 Apr 20
The Debt Management Office is set to continue record gilt issuance, with £180bn to be offered over the next three months.