Living standards, poverty and inequality in the UK: 2024
Jul 25, 2024 · 1. Introduction. This report explores how material living standards in the UK have evolved over the past few years. We use the latest official data, covering the years up to …
The future of the state pension | Institute for Fiscal Studies
Dec 13, 2023 · Executive summary. In this major report of the Pensions Review, led by the Institute for Fiscal Studies in partnership with the abrdn Financial Fairness Trust, we consider …
5 Living standards, poverty and inequality in the UK: 2024 Poverty and deprivation 1. Despite the significant challenges posed first by the pandemic and then the cost-of-living crisis, 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.
Increase in employer National Insurance contributions by …
Oct 30, 2024 · Employers will have to pay an additional £900 for each employee on median average earnings due to increases in employer National Insurance contributions.
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 …
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.
Living standards, poverty and inequality in the UK
Jul 25, 2024 · 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, …
Means-tested support for people approaching and beyond state …
Dec 11, 2024 · Executive summary Background. 1. The working-age benefit system provides means-tested financial support to people with low incomes and assets, with additional support …
Tax, private school fees and state school spending
Jul 11, 2023 · Note and source: State-funded school spending includes both current and capital spending, with figures for current spending and pupil numbers taken from Sibieta (2021b) and …