IFS | Institute for Fiscal Studies
IFS is the UK’s leading independent economics research institute. We analyse and inform economic and policy decisions with academic rigour and absolute independence.
The UK education system preserves inequality – new report
Sep 13, 2022 · Your education has a huge effect on your life chances. As well as being likely to lead to better wages, higher levels of education are linked with better health, wealth and even happiness.It should be a way for children from deprived backgrounds to escape poverty.
What does the government spend money on? - Institute for Fiscal …
The government spends huge amounts of money each year on our behalf. In 2022–23, UK government spending was almost £1,200 billion, or around £17,000 per person.
Where does the government get its money? - Institute for Fiscal …
Most UK government revenue is from tax. In 2023–24, total UK government revenue is forecast to be £1.06 trillion, or 41% of gross domestic product Gross domestic product (GDP) is a measure of an economy’s size. It is the monetary value of all market production in a particular area (usually a country) in a given period (usually a year).
Your household's income : Where do you fit in?
Aug 22, 2022 · When you think about your income, do you feel rich, poor, or just plain average? Find out where you lie in the UK income distribution.
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<p>France’s failed budget highlights fundamental challenges with public debt, slow growth, and the need for significant reforms.</p>
Income and wealth inequality explained in 5 charts
Nov 9, 2022 · The IFS Deaton Review of Inequalities trends in income and wealth inequalities chapter documents how economic inequalities have changed over the last sixty years, and how experiences have varied for different groups.. The chapter emphasises the need to look not only at traditional measures of income inequality, but also at the role of wealth relative to income.
The £22bn ‘black hole’ was obvious to anyone who dared to look
Aug 5, 2024 · Yes, the Tories left Labour a mess to clear up but it’s disingenuous for Rachel Reeves to claim that taxes might have to rise to fund predictable public sector pay rises
Living standards, poverty and inequality in the UK
How have incomes changed over time? We measure household income by adding up different sources of income such as earnings from employment or self-employment, benefits, pension income and interest from savings, and then deducting taxes (income tax, National Insurance contributions, and local taxes, e.g. council tax).. We adjust incomes with inflation to show real incomes in 2022-23 prices and ...
How do UK tax revenues compare internationally?
UK tax revenue is below average. UK tax revenue was 33.5% of gross domestic product Gross domestic product (GDP) is a measure of an economy’s size. It is the monetary value of all market production in a particular area (usually a country) in a given period (usually a year).