UK plan to curb 750,000 public services workers' pay Oct 6, 2009
5 per cent of GDP, or about 90 billion pounds in today's money, according the Institute of Fiscal Studies. That's more than double annual spending on defense and almost quadruple the transportation budget. (Sydney Morning Herald -- Business)
Storm warning Sep 18, 2009
In a recent report by the King's Fund think-tank and the Institute of Fiscal Studies this was described as a cut in funding by up to 2% a year after 2011. For a service which has seen its budget more than treble since Labour came to power, such a scenario would be a huge jolt to the system. (BBC News -- UK)
Q&A: Spending cuts Sep 18, 2009
The government has decided 80% of the savings will come from spending cuts over four years starting from 2010, with 20% from the tax rises announced in the Budget, according to the Institute of Fiscal Studies. It has not said how it would cut spending in the years after that. (BBC News -- UK)
Benefits plan to 'make work pay' Sep 16, 2009
But an expert on poverty and welfare at the Institute of Fiscal Studies, Mike Brewer, warns politicians of all hues will be put off by the immediate price tag. In the first year more than 3bn of extra spending would be needed on top of the 74bn already being spent on benefits. (BBC News -- UK)
Bagehot: Pants on fire Jul 10, 2009
It is hard to prove what feelings lurk in the heart of an outwardly oleaginous MP. It is easy to compare ministerial braggadocio about spending with Treasury tables and the ominous sums done by the Institute of Fiscal Studies (though the fact that Mr Brown s claims look implausible does not, in itself, make them lies: he may still really believe them). There may be something to all of those explanations. (The Economist)
Housing tops Brown's plans Jul 7, 2009
The Institute of Fiscal Studies said the policy package could be financed from existing budgets but this did not prevent opposition criticism of Labour's stance on spending. Earlier on BBC Radio 4's Today programme the Business Secretary Lord Mandelson suggested there would not be a spending review before the next general election although he later appeared to say no decision had been taken. (BBC News -- UK)
life and debt: President Mills' UK visit May 8, 2009
A recent Daily Telegraph report quotes the Institute of Fiscal Studies as saying that Britains debt will not be under control until 2032 and predicted to surpass 2trillion pounds sterling. Looking at the scale of economic difficulty facing Britain, theres little hope of securing financial help to support our budget. (Ghana Web, Ghana)
Health and well-being in old age: It's still money that counts May 7, 2009
This release is based on the findings from 'Inequalities in health in an ageing population, patterns, causes and consequences" (award number: RES-000-23-0590), a study funded by the Economic and Social Research Council. The research was carried out by Professor James Nazroo at the University of Manchester with Alissa Goodman, from the Institute of Fiscal Studies and Professors Michael Marmot and Richard Blundell from University College London, 2.The research was based on a detailed analysis of... (EurekAlert! -- Business News)
Time to be tight Apr 16, 2009
The Institute of Fiscal Studies says one possibility is a five-year real freeze on current spending by all government departments. In the pre-Budget report, the government brought forward 3bn of capital expenditure to this year from 2010/2011. (BBC News -- UK)
Class equipment 'can be a waste' Apr 2, 2009
" Consequences To illustrate this idea, he says that if 60 pupils were taught in three classes of 20 pupils instead of two classes of 30, it would create 150,000 extra classes and teaching spots to fill in England. At a cost of around 20,000 per class, the potential benefits should be weighed up against the cost. Prof Wiliam said extra training would be needed in how to give continuous, immediate feedback. But he will tell the Institute of Fiscal Studies conference in Cambridge the benefits... (BBC News -- UK)
Child poverty 'billions needed' Feb 18, 2009
" Research carried out by the Institute of Fiscal Studies found that the child element of the child tax credit would need to be raised by 12.50 a week to meet the target, adding up to 4.2bn a year. It added that if the 2010 target was missed, "this will make it more difficult to meet the more ambitious goal of eradicating child poverty by 2020". Child poverty could even rise to 3.1 million by 2020, without any new policies to help low-income families, the report warned. It stood at 3.4 million... (BBC News -- UK)
