‘No doubt’ of inheritance tax reform as government books a record haul from the levy September 20, 2024 New figures from HMRC showed inheritance tax receipts hit £3.5bn between April and August, £300m higher than the same period last year.
Companies need to boost employee pensions says IFS September 16, 2024 Approximately 30 per cent to 40 per cent of private sector employees will have individual incomes in retirement that fall short of standard benchmarks, the IFS said.
‘Hard to justify’: IFS calls for Reeves to limit pension tax-free lump sum September 11, 2024 Rachel Reeves is rumoured to be considering a shake-up of pension tax reliefs in the October Budget as she seeks to address a challenging fiscal inheritance.
IFS: Reeves tweaking debt rule won’t change fiscal fundamentals August 7, 2024 The Chancellor has inherited a very difficult fiscal position, with many public services in need of funding boosts while both the tax burden and national debt stand at their highest level for many decades.
England ‘particularly bad’ at building houses where they are needed, research shows August 1, 2024 Nationwide the total number of properties grew 21 per cent between 1996 and 2021, according to the Institute for Fiscal Studies (IFS).
Rachel Reeves set to reveal £20bn funding shortfall – but is it a surprise? July 26, 2024 Chancellor Rachel Reeves is expected to announce a roughly £20bn hole in the public finances on Monday when she reveals the results of a spending audit undertaken by Treasury officials over the past few weeks.
Public sector pay rises could cost up to £10bn, economist warns July 20, 2024 Independent pay review bodies are reported to be preparing to recommend such an increase for teachers and around 1.3m NHS staff, according to The Times.
IFS: Labour and Conservative manifestos ‘singularly fail’ to address fiscal challenges June 24, 2024 The IFS called attention - yet again - to the fiscal 'trilemma' which will face the next government.
UK tech firm agrees £571m deal to buy Canadian software company Copperleaf June 11, 2024 A UK tech firm has snapped up Canadian software company Copperleaf in a deal that values the company at CA$1bn (£571m).
Labour faces £33bn blackhole if it maintains state spending, research suggests June 4, 2024 Maintaining per person funding in unprotected departments would leave the next government facing a £33bn blackhole, research suggests.