Younger generations are likely to inherit more wealth than their predecessors, while inheritances will form a greater portion of their income, the Institute for Fiscal Studies has found.
Chancellor Philip Hammond will not be able to resist calls for extra funding for health and social care for much longer, the head of the Institute for Fiscal Studies has predicted.
The UK is heading for a £14.9bn deficit by 2019-20 instead of the £10.4bn surplus projected at the last Budget, according to an analysis of the public finances by the Institute for Fiscal Studies.
Public borrowing was £10.6bn in September – an increase of £1.3bn compared to the same month in 2015 – exceeding Office for Budget Responsibility forecasts and adding to the...
Brexit would likely see austerity extended for at least a year longer and public sector debt reach a level significantly higher than planned by the end of this parliament, the Institute for Fiscal...
School spending in England is being increasingly focused on schools with higher numbers of poor pupils, Institute for Fiscal Studies analysis has revealed.
Graduates from wealthy families earn significantly more than their less affluent peers despite graduating with the same degrees from the same universities, research has found.
The single tier pension, which comes into effect today, could spark widespread disillusionment as it falls to meet a pledge to simplify the system and many people could receive less than they...
The government’s Universal Credit reforms will create “huge disincentives” for families receiving the payment to have more than £6,000 in savings, according to an analysis by...
George Osborne’s plans to get the government finances into surplus in 2019/20 are set to reduce public sector pay to the lowest level relative to the private sector for at least 25 years, an...
Universal Credit will cut annual benefit spending by £2.7bn, an analysis by the Institute for Fiscal Studies has found, but more than 2 million working families are likely to be worse off.
Austerity will continue and both significant public sector cuts and some radical reforms lie ahead, the Institute for Fiscal Studies said in its analysis of yesterday’s Autumn Statement and...
Police forces in England and Wales are increasingly reliant on locally raised funding as central government grants have been cut back, an Institute for Fiscal Studies analysis has revealed.
Cuts to social housing rents announced by Chancellor George Osborne will be of little or no benefit to most of the 3.9 million tenants in the sector, but will save the Treasury around £1.7bn, an...
The triple lock on state pensions needs to end as it will become “prohibitively expensive”, Institute of Fiscal Studies director Paul Johnson has argued.
Unprotected Whitehall spending in areas such as local government could be cut by around 27% in the forthcoming Spending Review, an analysis by the Institute for Fiscal Studies has found.
Less than one-sixth of the losses faced by households from the summer Budget benefit cuts will be recouped by the introduction of the ‘national living wage’, the Institute for Fiscal...
