The carer’s allowance overpayments is a national scandal. DWP harassing unpaid carers often over small amounts. This example from The Guardian highlights the problem - & yet DWP is often aware there might be an issue but fails to inform the carer immediately theguardian.com/society/2024/a…

Public investment could increase if fiscal rules are tweaked. But at present investment set to fall. And within this budget are things you might not expect like student loans. Great 101 from Ben Zaranko Institute for Fiscal Studies supported by abrdn Financial Fairness Trust Nuffield Foundation
ifs.org.uk/articles/publi…

New output from the Nuffield Foundation general election projects, funded jointly with abrdn Financial Fairness Trust. This publication relates to a critical issue, given what we know from the research we support about the critical role of investment in supporting sustainable productivity growth.

The Govt’s new defence spending plan is projected to reach £87bn by 2030 - £23bn more than this year's budget. That will mean big cuts to other departments, tax rises or more borrowing

We’re regularly told taxes in the UK are high - they’ve certainly been increasing. But they’re still low compared to others. Raising taxes to G7 average would raise an extra £79bn annually - analysis Institute for Fiscal Studies supported by abrdn Financial Fairness Trust Nuffield Foundation

financialfairness.org.uk/en/media-centr…

In 2019 (pre-pandemic) 3.2M working-age people were claiming a health-related benefit. That’s now 4.2M & set to rise to 5.4M by 2029 - an increase of 70% over a decade.

New analysis Institute for Fiscal Studies Tom Waters & Sam Ray-Chaudhuri funded by abrdn Financial Fairness Trust

ifs.org.uk/publications/r…

Even before the pandemic the number of working-age people in poor health was increasing - the largest rise amongst those in work. There are chronic issues that we need to address from obesity, mental health to poverty

bbc.co.uk/news/health-68…

Before the pandemic, 1 in 13 were claiming a health-related benefit. That's now set to rise to 1 in 8 by the end of the decade. We need better understanding of the causes rather than knee-jerk reactions. New analysis Institute for Fiscal Studies funded by abrdn Financial Fairness Trust
ifs.org.uk/news/42-millio…

In 2019 (pre-pandemic) 3.2M working-age people were claiming a health-related benefit. That’s now 4.2M & set to rise to 5.4M by 2029 - an increase of 70% over a decade.

New analysis Institute for Fiscal Studies Tom Waters & Sam Ray-Chaudhuri funded by abrdn Financial Fairness Trust

ifs.org.uk/publications/r…

Already the case that one in ten people of working age is receiving a health related benefit. These are remarkable numbers. And they are rising.

The number of new awards each month has more than doubled since 2019.

Before the pandemic, 1 in 13 were claiming a health-related benefit. That's now set to rise to 1 in 8 by the end of the decade. We need better understanding of the causes rather than knee-jerk reactions. New analysis Institute for Fiscal Studies funded by abrdn Financial Fairness Trust
ifs.org.uk/news/42-millio…

One of the reasons inheritance tax isn’t popular is because of loopholes a few benefit from. Closing these could raise more revenue and make the tax fairer.

New Institute for Fiscal Studies analysis by Arun Advani David Sturrock supported by abrdn Financial Fairness Trust

financialfairness.org.uk/en/media-centr…

There’s lots of exemptions in relation to inheritance tax - closing three relating to business assets, farms and pensions could raise over £2bn per yr by the end of the decade. New analysis Institute for Fiscal Studies Arun Advani David Sturrock - supported by abrdn Financial Fairness Trust Nuffield Foundation

Elon Musk seeking to resurrect his pay package of $56 billion, only days after announcing at least 10% of staff at Tesla are to be made redundant - a pay deal already rejected in the courts
bbc.com/news/articles/…

NEW: Spending as much as other countries but taxing less is unlikely to be sustainable.

How do the UK’s levels of tax and spend compare to other advanced economies?

Read our latest comment here: ifs.org.uk/articles/spend…

UK govt spending now similar to other advanced economies BUT tax levels remain below average - instead debt has grown. Raising taxes to the G7 average would raise an extra £79bn - new analysis Institute for Fiscal Studies supported by abrdn Financial Fairness Trust Nuffield Foundation
ifs.org.uk/articles/spend…

UK govt spending now similar to other advanced economies BUT tax levels remain below average - instead debt has grown. Raising taxes to the G7 average would raise an extra £79bn - new analysis Institute for Fiscal Studies supported by abrdn Financial Fairness Trust Nuffield Foundation
ifs.org.uk/articles/spend…

Want to look up the impact of a policy you’ve heard in the news?

Or are you ready to put your own policies to the test?

Now is your chance to be the Chancellor with our new interactive tool, in partnership with Nesta.

ifs.org.uk/bethechancellor

Today we published the report ‘Coping and hoping: Navigating the ups and downs of monthly assessment in Universal Credit’ by Rita Griffiths and Marsha Wood
➡️ bath.ac.uk/publications/c…

New research highlighting the intense volatility in Universal Credit payments for those in work, creating high levels of financial insecurity. In-depth review of household finances by IPR supported by abrdn Financial Fairness Trust financialfairness.org.uk/en/media-centr…