The Autumn Statement explained podcastWe analyse the Chancellor's 2023 Autumn Statement.24 November 2023
The Autumn Statement 2023 explained in 90 seconds explainerPaul Johnson responds to Jeremy Hunt's 2023 Autumn Statement. 22 November 2023
Cake or biscuit? The UK's byzantine VAT system explained podcastThis week, we dive into the oddities of the VAT system.16 November 2023
Education spending: an engine for levelling-up? event 11 December 2023 The launch of the 2023 IFS Annual Report on Education Spending in England, funded by the Nuffield Foundation.
Social mobility and wealth conference 12 December 2023 At this in-person event, IFS researchers will share findings from ESRC-funded research on social mobility and its drivers.
Where next for the state pension? event 13 December 2023 At this online event, IFS researchers will present findings from a major new report on the future of the state pension in the UK.
Centre for the Microeconomic Analysis of Public Policy landing pageThe ESRC has funded a research centre at IFS since 1991, recognised as a global centre of excellence and now with UKRI Research Institute status.15 July 2022
Jobs landing pageAt IFS, we recruit and train top-quality economists and professional support staff. We aim to foster a respectful and inclusive working environment.20 July 2022
IFS Green Budget 2022reportThe IFS Green Budget 2022 takes stock of the economic and fiscal outlook following Kwasi Kwarteng’s mini-Budget and analyses the challenges ahead.11 October 2022
UK outlook: why we need to do things differentlyreportThe UK is the talk of the town, and not in a good way.11 October 2022
Global economic outlook: heading for a fall?reportNew shocks are threatening to cut the global post-pandemic recovery short. 11 October 2022
Outlook for the public financesreportWe look at the path for the public finances and the Chancellor's options to achieve fiscal sustainability.11 October 2022
Public spending, pay and pensionsreportThe public sector pay settlements announced this July will pose severe budgetary challenges for many areas of government. 8 October 2022
Reforms, roll-outs and freezes in the tax and benefit systemreportWe show the impact of freezes and gradual roll-outs on personal taxes and benefits, as well as considering planned changes to the tax system.6 October 2022
Corporation tax and investmentreportWe look at the corporate tax system and proposals to change it.21 October 2022
Quantitative easing, monetary policy implementation, and the public financesreportRising interest rates, quantitative easing and current monetary policy techniques interact to put pressure on the public finances.14 October 2022
Reversing NICs and corporation tax rises would leave debt on an unsustainable pathreportIn the absence of official scrutiny from the OBR, we set out how much red ink might be added to the fiscal forecasts.21 September 2022
The outlook for the public finances under the Bank of England’s August 2022 forecastreportThis report sets out an illustrative scenario for how the current path of inflation and growth might affect government revenues and spending.18 August 2022
What is happening to public sector pay?explainerWith inflation rising, and a cost of living crisis hitting the UK, how much public sector workers get paid is hitting the headlines.31 October 2022
A response to the Chancellor’s ‘Mini-Budget’ reversalscommentFiscal credibility is hard won but easily lost. Today’s announcements won’t be enough, by themselves, to plug the gap in the government’s fiscal plans17 October 2022
Monetary policy techniques add to strains on the public finances: reforms could bring big benefits, but costs too press releaseSir Paul Tucker writes for the IFS Green Budget on how rising interest rates, quantitative easing and current monetary policy techniques interact.14 October 2022
The challenges facing the ChancellorpodcastWe explore the Chancellor's options for achieving fiscal sustainability.12 October 2022
With a weaker economy, getting government finances on a sustainable path without cancelling tax cuts could force Chancellor into big and painful spending cuts press releaseKwasi Kwarteng would need to announce a fiscal tightening of more than £60 billion just to stabilise debt as a fraction of national income in 2026–27.11 October 2022
Even if real pay is cut by 5%, public sector workforce may need to be cut by more than 200,000 by 2024 to stay within current spending planspress releasePublic sector workers will receive pay awards of around 5% this year, on average.8 October 2022
For every £1 given to households through headline cuts to taxes, £2 is being taken away in stealthy freezespress releaseBy 2025–26 these freezes take away £2 for every £1 given to households through the headline personal tax cuts. 6 October 2022
Benefits, inflation and redistributionpodcastWhat role does the benefit system play in redistribution - and how will high inflation impact the system?6 October 2022
IFS response to U-turn on plan to cut 45p income tax rate press release"The Chancellor still has a lot of work to do if he is to display a credible commitment to fiscal sustainability."3 October 2022
Mini-Budget responsecommentThe Chancellor announced the biggest package of tax cuts in 50 years without even a semblance of an effort to make the public finance numbers add up.23 September 2022
Deteriorating outlook for the public finances amid heightened uncertainty casts doubt on plausibility of promises of large permanent tax cutspress releaseThe two candidates for Prime Minister need to recognise the even greater than usual uncertainty in the public finances.18 August 2022
The long squeeze: rising inflation and the current government support packagecommentWe look at the impact of inflation and the government's proposals to tackle it.15 August 2022
The inflation squeeze on public servicescommentHigher inflation squeezes public service budgets and makes government spending plans less generous than originally intended. How much less generous?10 August 2022
Green Budget 2022event 11 October 2022 at 10:00 The IFS Green Budget 2022 will take stock of the economic and fiscal outlook following Kwasi Kwarteng’s mini-Budget and analyse the challenges ahead.
Reforms, rollouts and freezes in the tax and benefit systemevent 6 October 2022 at 11:00 This event explored the impact of the significant change the tax and benefit system is currently undergoing.
A look ahead to Friday's mini-Budgetevent 22 September 2022 at 09:00 On Friday, the Chancellor will make his first fiscal statement since taking office. What should we look out for?
The Autumn Statement explained podcast We analyse the Chancellor's 2023 Autumn Statement. 24 November 2023
2p cut is welcome but fiscal risks are serious comment "Whoever is chancellor after the next election, is going to have to face up to some hard truths," Paul Johnson in The Times. 23 November 2023
Cutting inheritance tax isn’t quite as simple as its proponents suggest comment "There are dozens of tax cuts that would be some combination of more equitable and better designed to promote economic efficiency and growth." 20 November 2023
What does the Autumn Statement mean for local government and public service spending? comment Kate Ogden explains the impact of the Autumn Statement on public services, council funding and devolution deals. 24 November 2023
Autumn Statement 2023 collection All our IFS analysis of Chancellor Jeremy Hunt's Autumn Statement 2023. 22 November 2023
Assessing the Welsh Government’s consultation on reforms to council tax report We analyse the impact of the possible approaches to council tax reform set out in the Welsh Government’s consultation on ‘A fairer council tax’. 14 November 2023
Insurance, redistribution, and the inequality of lifetime income working paper This paper studies how the tax-and-transfer system mitigates income inequalities over the lifetime, which can lead to disparities in living standards. 2 November 2023
Inflation measurement with high frequency data working paper We use 8 years of data on 178 consumer product categories to compare bilateral and multilateral index number methods for computing monthly inflation. 18 October 2023
The labor market effects of disability benefit loss working paper Leveraging age and health cutoffs in the reassessment, the paper estimates employment responses to loss or reduction of benefits. 29 September 2023