Inheritance tax raises £7bn a year. It needs reform.

Understand this issue

Paul Johnson’s final episode: big challenges ahead for the UK economy

podcast

In Paul's final episode, he speaks with incoming IFS Director Helen Miller about the big economic pressures facing the UK.

9 July 2025

Drastic times need drastic action: breaking the 50-year tax taboo

comment

Rachel Reeves should consider increasing the basic rate, just as Denis Healey did in 1975 

14 April 2025

How to fix UK pensions?

podcast

Can the UK pensions system deliver a decent standard of living in retirement? We explore the challenges and changes needed.

4 July 2025

Policy analysis

A wealth tax would be a poor substitute for properly taxing the sources and uses of wealth

comment

There is growing speculation about whether taxes will go up in the Autumn Budget and – if so – which ones.

8 July 2025

Rachel Reeves will need to face up to fantasists on both sides

comment

The chancellor has to somehow reconcile tax and spending, but both her own Labour MPs and the Tory opposition are still living in a dream world 

7 July 2025

The Pensions Review: final recommendations

report

We provide concrete recommendations to improve the UK pension system to secure better standards of living for future pensioners.

2 July 2025

Academic research

Focal pricing constraints and pass-through of input cost changes

working paper

I prove that, in a simple but general framework, expected pass-through is unchanged by the presence of focal pricing constraints.

10 July 2025

Manuel de l’estimation du coût d’une politique fiscale

resource

Introduction à l’estimation du coût d’une politique fiscale: Un manuel et des exemples pratiques

8 July 2025

Tax equity in low- and middle-income countries

journal article

In this paper, the authors ask what role taxation can or might play in reducing inequality in low and middle-income countries.

2 July 2025