Aligning tax rates between employees and the self-employed would reduce inequity while encouraging entrepreneurial risk-taking, says Stuart Adam, senior research economist at 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 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.
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.
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.
The economic disruption caused by Covid-19 and Brexit could complicate the government’s “levelling up” agenda, according to the Institute for Fiscal Studies.
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.
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.
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.
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 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.
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.
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.
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.
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.
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...
