Autumn Budget 2024: Working people debate a ‘terrible illusion’, former Bank of England governor says Economics Chancellor Rachel Reeves is set to increase taxes significantly in Wednesday's Budget, with reports indicating that she will raise £20bn by hiking employers' national insurance.
Long-time IFS director Paul Johnson to step down Economics Johnson, who became Director of the IFS in January 2011, will take up the role of Provost of Queen's College, Oxford.
Tory leadership: Jenrick warns of ‘big task’ to restore economic credibility Politics Robert Jenrick has warned it will be a “big task” for the next Conservative party leader to restore the party’s “economic credibility” following Liz Truss’s calamitous mini-Budget. The leadership candidate, speaking at a Q&A for party members at the annual conference in Birmingham, told the audience he was “not happy” about the current levels of [...]
Tax burden ‘will not fall in my lifetime’ warns IFS chief September 30, 2024 Over recent years the tax burden has climbed to a post-war high of 37 per cent of national income despite the attempts of the previous government to cut taxes.
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.