Independent UK economic research institute on taxation and public policy
A government-backed pensions commission has warned that millions of Britons are not saving enough for retirement, risking a sharp drop in living standards for tomorrow’s pensioners. The interim report highlights a gender gap and a looming balance between state, auto-enrolment and private savings. A final set of recommendations is due next year.
Defence ministers are negotiating funding for the Defence Investment Plan as the government considers how to meet targets for defence spending. The debate has moved from initial allocations to how to fund a sustained increase while balancing other public budgets.
Federal student‑loan regulations have changed this week under the One Big Beautiful Bill and court rulings. The Education Department has rolled out new repayment plans, temporary interest‑rate cuts for autopay enrollees, and lifetime borrowing caps for graduate and professional students, while a federal judge has paused the department's narrowed definition of "professional degree," temporarily preserving wider borrowing access for many advanced‑health and other programs. Notices are going out to millions of borrowers who must pick new plans.
The government has introduced a temporary VAT cut on children’s meals, cinema and attraction tickets to ease cost of living during the summer holidays. The measure, announced by the Chancellor, is designed to help families, with firms free to pass on the saving. The scheme runs until September 1 and covers parks, zoos, cinemas and restaurants.
Keir Starmer's defence investment plan has increased funding but critics warn it remains short of targets and is not fully funded, amid concerns about the strategy and regional impacts.
Analyses show waiting times for NHS treatment in Scotland have increased for some metrics while others are stable. Experts warn that meaningful progress will take time and a comprehensive workforce plan is needed as ministers return after summer recess.
A sweeping Timms review finds the Personal Independence Payment not fit for purpose and not serving disabled people or taxpayers well. Interim proposals call for bold reform while spending on the benefit continues to rise, driven largely by mental-health related claims.
New prime minister Andy Burnham has vowed to end rough sleeping in the UK, backed by 340m in new funding to create 1,200 homes and provide intensive support for at least 3,000 rough sleepers over five years. The programme builds on Covid-era measures and Manchester’s Bed Every Night, as rough sleeping numbers remain at record levels in 2025, with 4,793 people sleeping rough on a single autumn night.
The new government is implementing a VAT cut on electricity bills and a 2 bus fare cap, funded by redirecting savings from a scrapped digital ID programme. Officials say the measures will reduce household costs, while ministers debate expanding the personal allowance. Updates indicate the plan is moving ahead despite questions about funding and timing.
Britain’s new prime minister has named John Healey as finance chief and has unveiled measures to ease living costs, including cancelling the planned digital ID and suspending the electricity tax for six months. The government faces tough fiscal constraints as debt remains high and defense spending is set to rise.
Prime Minister Burnham has set out a cost‑of‑living agenda, unveiling measures to ease households’ bills and launch a Northern Downing Street outpost. The plan includes VAT relief on energy, a bus fare cap, and funding to end rough sleeping, with details on funding and timelines updated as the government navigates fiscal constraints.
Prime Minister Andy Burnham has announced a 20% business rates reduction for nearly 32,000 pubs, clubs and live music venues in England from April 2027, a package the government says will save a typical pub about £1,100 a year and cost roughly £100m. Ministers are proposing to fund it by reviewing reliefs for vape shops and cracking down on online tax non-compliance.
The government has unveiled plans to give England’s mayoral authorities a share of income tax to fund local development. While praised as a potential fix for regional inequality, the policy will take years to implement and risk leaving slower-growing areas behind, as councils seek to borrow for major projects amid central oversight.
The government has introduced a £30m bursary funded through the growth and skills levy to offset benefit losses for families when their children start apprenticeships. Officials say the measure will encourage youth into work by ensuring households do not lose income, with up to thousands of families benefiting. The plan is part of a broader push to expand technical education and reduce NEETs.