New student loan changes affecting everyone who is repaying one The change affects students with Plan 2 (undergraduate) and Plan 3 (postgraduate) loans - and comes instead of an expected 12% interest rate Glasgow Live · Aug 10, 2022
Tens of millions of working Brits set to be hit by 'stealth tax' of £30billion Income tax thresholds, including the personal allowance, have been frozen for four years. But inflation is soaring and could hit 13% - meaning people will be dragged into paying more Daily Mirror · Aug 10, 2022
Public services face cuts unless £26bn inflation hole plugged, IFS warns Prices rises will cause cuts in healthcare, education and defence unless the Treasury intervenes, according to a leading economic think tank The Independent UK · Aug 9, 2022
Student loan interest rates cut again as inflation and cost of living soar DfE says maximum rate in England and Wales will be fixed at 6.3%, having previously reduced it to 7.3% The Guardian - UK · Aug 9, 2022
Public services need another £44bn by 2025 to cope with inflation, says IFS Severe cuts to services feared as rising costs absorb a big chunk of increased departmental spending The Guardian - UK · Aug 9, 2022
Inflation could wipe out billions pledged for public services, warn experts The Government’s spending plans are ‘considerably less generous’ than originally intended last autumn, a think tank has warned. The Independent UK · Aug 9, 2022
One in 25 heart attack deaths in North East would have been avoided in London, poll finds A study by the Institute of Fiscal Studies said that among 100 otherwise identical patients, around six in these areas would have survived if they had access to the same healthcare as London Daily Mirror · Aug 9, 2022
One in 25 heart attack deaths in north-east of England ‘preventable in London’ IFS research shows six in 100 patients would have survived if they had been treated by a similar doctor in London The Guardian - UK · Aug 8, 2022
Conservative leadership race: ‘Next PM must find billions to help out struggling households’ Carrying on with the current economic policy is ‘not going to cut it’, IFS chief says Evening Standard · Aug 5, 2022
School spending power to stay below 2010 levels as inflation drives up costs New prime minister faces decision on new cash injection to avoid ‘stagnation’ The Independent UK · Aug 1, 2022
Schools in England face funding crisis as costs soar, study warns Institute for Fiscal Studies says spend per pupil set to be lower in 2025 than in 2010, with budgets already under strain from rises in food, energy and wage bills The Guardian - UK · Aug 1, 2022
Pranay Kumar Verma appointed as Indian High Commissioner to Bangladesh A 1994 batch IFS officer, Verma is currently Ambassador of India to the Socialist Republic of Vietnam. Read more on Dynamite News: Dynamite News · Jul 29, 2022
Boris Johnson takes swipe at Rishi Sunak over energy bill VAT U-turn The outgoing Prime Minister said the controversial move would be "easier than we thought" in a thinly-veiled dig at the former Chancellor during a speech at the Commonwealth Business Forum in Birmingham Daily Mirror · Jul 28, 2022
Economists cast doubt over Rishi Sunak's bid to scrap VAT on domestic energy bills Tory leadership candidate Rishi Sunak has vowed to drop the 5% charge from October if the energy price cap tops £3,000, describing it as a 'targeted, temporary and timely tax cut' Daily Mirror · Jul 27, 2022
Daily Mirror · Jul 27, 2022 Rishi Sunak warned plan to cut VAT on energy bills could move UK in 'wrong direction' Last night the former Chancellor announced plans to scrap the 5% charge from October if the energy price cap tops £3,000 - prompting critics to accuse him of flip-flopping
The Independent UK · Jul 27, 2022 Rishi Sunak offer to cut VAT on energy ‘threatens climate change targets’ ‘Move in exactly the wrong direction’, says economics thinktank
The Independent UK · Jul 26, 2022 Rise in long Covid sufferers unable to work costs UK £1.5bn a year Around 110,000 people are off work with condition at any one time, new research estimates
The Guardian - UK · Jul 26, 2022 Long Covid costing UK workers up to £1.5bn yearly in lost income, says IFS Researchers say impact of rise to 2 million cases meant it was ‘a significant part of pandemic’s legacy’
The Hindu · Jul 25, 2022 Centre will not implement draft notification of ESA in Western Ghats till it gets panel report: CM The Centre has informed a delegation from Karnataka that the draft notification of Ecologically Sensitive Areas in Western Ghats will not be implemented till the report from a high-level committee headed by retired IFS officer Sanjay Kumar is received on the issue.
The Guardian - UK · Jul 21, 2022 Rishi Sunak steps up attack on Truss tax cuts as poll puts his rival well ahead Former chancellor says opponent’s economic policies risk stoking inflation and pushing up interest rates
The Independent UK · Jul 21, 2022 Tory leadership: Liz Truss’s tax cuts will damage public services and bust Treasury rules, economists warn Race favourite’s economic credibility under fire – as she appears to be coasting to victory in vote by Tory members
The Independent UK · Jul 21, 2022 Liz Truss tax cuts policy ‘ridiculous’ and risks 1970s-style inflation, economists warn Experts reject Tory candidate’s claim tax cuts ‘will decrease inflation’ – and warn of austerity era ahead
The Guardian - UK · Jul 13, 2022 Benefit cuts since 2010 increased UK child poverty in run-up to pandemic, says IFS Austerity-era policies meant poverty among larger families in poverty rose at significantly faster rate, says thinktank
The Independent UK · Jul 13, 2022 Share of children in material deprivation ‘fell by a quarter before pandemic’ Relative child poverty rose over the same period, the Institute for Fiscal Studies found.
The Hindu · Jul 6, 2022 Andhra Pradesh: Madhusudhan Reddy takes over as PCCF He is also placed in full additional charge of the post of HoFF until further orders