Category: Institute for Fiscal Studies (IFS)

UK cost of living payments were ineffective sticking plaster, IFS says

Thinktank says nearly £19bn cost of scheme would have been better spent on raising value of benefitsBillions of pounds of taxpayer cash spent on one-off cost of living support has proved an expensive and ineffective...

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End to universal credit’s Covid top-up is fuelling rise in poverty, warns IFS

Pandemic’s £20 benefit uplift led to sharp fall in households living in poverty but replacement is far less effectiveThe scrapping of the government’s £20-a-week pandemic boost to universal credit has set...

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1.4m UK mortgage holders face 20% hit to disposable income from rate hikes

Expected surge in costs by 2025 likely to hit people in 30s hardest, says Institute for Fiscal Studies reportMore than 1 million households across Britain are expected to lose at least 20% of their disposable incomes thanks to...

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