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Our goal at the Institute for Fiscal Studies is to promote effective economic and social policies by better understanding how policies affect individuals, families, businesses and the government's finances.
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In this report, we examine the spending patterns of current retirees in the UK.
Electric Car
The Treasury is set to lose billions of pounds in tax revenue from motorists as they shift to electric vehicles. This episode looks at the implications, and options for the government to recoup this.
As poorest households spend more of their total budget on gas and electricity, we now see inflation hitting the poorest households harder.
"For all the talk about labour shortages driving up low pay, the legacy of the pandemic may be greater earnings inequality."

IFS TaxLab

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The government is restarting ‘managed migration’, the process under which those still receiving legacy benefits or tax credits move to universal credit.
They might not know it yet, and it is likely to pass the rest of us by entirely, but for more than two and half million families, today is a very big day.
Top earners in finance have seen a sharp rise in pay in recent months, pushing up pay inequality in a reversal of pre-pandemic trends.
Paul speaks to Ben Waltmann and Ivor Crewe to understand recent reforms to the student loans system and think about how students, taxpayers and universities will be affected.
We consider who would be affected by each of the proposed MERs, and then assess whether the introduction of a minimum eligibility requirement is likely to achieve the government’s stated aim of ensuring that ‘students undertaking degree study have attained the baseline skills required to engage with and benefit from the course’.
Globalisation, inequality, feeble productivity growth, earnings stagnation, the falling labour share of national income — the most important features of economic life. And one institution binds them together: the firm.

Working papers