Now is not the time for tax cuts

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

Do tariffs work?

podcast

We discuss the economic consequences of tariffs, why governments use them, and whether they actually achieve their intended goals.

23 January 2025

Policy analysis

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

Labour’s first year in power: is this still a mission-driven government?

event 15 July 2025 at 10:30

The Institute for Fiscal Studies and the Institute for Government discussed Labour's first year in power at a joint event.

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

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

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

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