The 50p tax debate: Are we taxing off our nose to spite our face?
The new report from the IFS – the Mirrlees Review – shows that the 50p tax rate may lose the Treasury money.
IFS
Telling the story of the recession
James Plunkett, secretary to the Resolution Foundation’s Commission on Living Standards, looks at the story of the recession, for the UK and the world.
Gove’s justification for axing EMA doesn’t add up
The evidence suggests that the answer to Michael Gove’s question is ‘yes’ – Education Maintenacne Allowance was socially just, explains ippr’s Jonathan Clifton.
Misleading to claim welfare reform will cut child poverty levels
Making hundreds of thousands of families poorer, and then making some a little better off, does not count as a child poverty reduction plan, writes Nicola Smith.
IFS: Welsh “lose” from Barnett Formula
Plaid Cymru have dubbed as “significant” new research making clear that the Barnett Formula is underfunding Wales, reports Ed Jacobs.
Miliband: “Tories were encouraging us to deregulate further”
Ed Miliband and Ed Balls have accused the Conservative party of trying to drive the last government further away from regulating the activity of the City of London.
IFS urges Osborne to develop a Plan B
The respected Institute for Fiscal Studies think tank today urged George Osborne to prepare a ‘Plan B’ for fiscal consolidation in case growth prospects deteriorate.
IFS: Richest to be hit hardest by tax changes in April
The respected economic think tank, the Institute of Fiscal Studies, have released a sneak preview of their annual ‘Green Budget’, to be launched on Wednesday. What we know so far is that the IFS are saying that tax changes to be brought in in April will cost the richest tenth of households typically 3 per cent of their income, compared to 1 per cent for the general population.
Budget cuts are deeper than Cameron would have you believe
David Cameron’s statement that spending would return to 2006 levels once the budget cuts are over obscure the real contraction in public service spending.
Osborne’s financial pain begins as VAT hike hits
Despite the patently dishonest claims by the Tories that the VAT rise is progressive, it will, as the IFS says, hit the poorest hardest – particularly families.