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Understand this issue

Average household consumption spending before and after housing costs, and mean weekly per-capita income, in different local authorities, 2018–2019
Londoners may have the highest average incomes, but their household spending once you account for housing costs is lower than other regions.
11 April 2025

Rank of local authorities by average household income compared to rank by average consumption after housing costs
On average, London local authorities rank at the top of the income distribution, but are bottom of the net-of-housing consumption distribution.
11 April 2025

Biggest welfare saving fiscal events (policy measures targeted at working-age and children)
Today it was confirmed that the changes to welfare represent a £4.2bn net saving by 2029-30 (2025-26 prices).
26 March 2025
Policy analysis

Average annual growth in real household disposable income per capita, by parliament
Latest OBR forecasts suggest living standards will rise by just 0.6% per year over the current parliament.
1 April 2025

OBR successive forecasts for productivity growth and out-turn (Index: 2008 = 100)
OBR productivity growth forecasts have historically been over-optimistic: a downgrade to the OBR's forecast could cause a real fiscal headache.
28 March 2025

Tax revenues as a share of national income: out-turn and official forecasts
Taxes as a share of national income are set to rise above 37%, their highest-ever share.
26 March 2025
Academic research

Future challenges for health and social care provision in the UK
We consider recent trends in health and social care productivity and the scope for future improvements.
6 June 2025

The future of public pension provision in the UK: challenges and trade-offs
The UK state pension system faces significant challenges given the country’s ageing population, but it is crucial for retirement finances.
6 June 2025

IFS Annual Lecture: Trade Wars and the Future of Globalisation
Professor Meredith Crowley delivered the 2025 IFS Annual Lecture.