IFS: Lockdown easing SHOULD speed up if Covid data remains positive

Lockdown easing SHOULD speed up if infection rates and vaccine drive data remain positive to save the economy, says boss of influential Institute for Fiscal Studies Paul Johnson, director of IFS, said ‘if we can do it quicker we absolutely should’ Mr Johnson said ‘no need to stick to a date if things go better … Read more

Excessive furlough extension could ‘choke off’ growth, IFS says

Tax rises look ‘more likely than ever’ in future years as the Government’s spending splurge amid the pandemic rolls on, the Institute for Fiscal Studies has warned. The IFS said Chancellor Rishi Sunak is likely to need to raise around £60billion via taxes over the coming years.  But, with Britain’s economy facing an ‘extraordinarily’ uncertain … Read more

IFS: Over 1m self-employed missing out on government’s Covid support

More than a million self-employed workers are missing out on financial support from the Government because they have another source of income leaving many facing ‘serious hardship’, warns the IFS Government set up Self-Employment Income Support Scheme during pandemic It provides payments once a quarter worth 80 per cent of pre-pandemic profits But Institute for … Read more

IFS: More than a million self-employed missing out on Covid support

More than a million self-employed workers are missing out on financial support from the Government because they have another source of income leaving many facing ‘serious hardship’, warns the IFS Government set up Self-Employment Income Support Scheme during pandemic It provides payments once a quarter worth 80 per cent of pre-pandemic profits But Institute for … Read more

Universities need £3BILLION: IFS warns of soaring costs of giving cash to top institutions

Top universities have called on the Government for additional funds to take on more students and for the cap on the number of pupils studying medicine to be lifted amid fears ministers face a £3billion bailout for lower-tier institutions.   Thousands of students are scrambling to get places at their first choice university after ministers screeching … Read more

IFS: Rishi Sunak’s Budget ‘nothing like as generous as it appears’

Rishi Sunak’s Budget plans are ‘nothing like as generous as they appear’ and spending on most public services will be lower in 2025 than in 2010, according to a respected think tank. Paul Johnson, the director of the Institute for Fiscal Studies, said Mr Sunak’s investment proposals are ‘genuinely very big’ – but the cash … Read more