The latest news about Institute for Fiscal Studies

a { color: #880000 !important; background: #ffeeee !important; } Latest News from NourishThe Nourish Mission (formerly OneSub)Search Nourish (formerly Charlie)Why is Institute for Fiscal Studies in the news at the moment?

The Institute for Fiscal Studies (IFS) has recently gained attention due to its warnings about potential tax rises in the UK, driven by increasing spending pressures. As Chancellor Rachel Reeves prepares to unveil the government's financial plans, the IFS has highlighted the challenges facing public finances, including rising public sector net borrowing and the ongoing crisis in special educational needs funding. These discussions have intensified as the government considers significant tax hikes, marking the most substantial changes since 1993. Founded in 1969, the Institute for Fiscal Studies is a leading economic research institute based in London, UK. It specializes in the analysis of taxation and public policy, providing independent and rigorous research to inform policymakers and the public. The IFS aims to advance education by disseminating knowledge on economic issues, particularly those affecting the UK economy. Its work is widely respected and often cited in debates surrounding fiscal policy, making it a key player in discussions about the country's economic future.

Stories involving Institute for Fiscal Studies

UK Plans Major Defense Spending Increase

The UK government plans to raise defense spending from 2.3% to 2.5% of GDP by 2027, amounting to an additional £13.4 billion annually. This decision, influenced by pressures from US President Trump, will require cuts to overseas development aid. The move aims to bolster military readiness amid ongoing geopolitical tensions, particularly regarding Russia's actions in Ukraine.

Trump's Tax Policy Faces Challenges

As President Trump returns to the White House, he aims to implement tax policies that include no taxes on tips and a reduction in capital gains tax. However, the complexities of revising tax rules pose significant challenges, especially amid a weakening economy and public backlash against previous tax increases.

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