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Press release: Graduates will pay an extra £24,500 as a result of the budget

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Graduates will pay an extra £24,500 as a result of the Budget The Budget will force graduates to make student loan repayments much earlier than previously promised. Most young graduates have seen their repayment thresholds frozen until 2030 which sharply increases the total amount they will have to pay. The Intergenerational Foundation’s analysis has found that the average… Read more »

Press release: This Budget failed to confront the fiscal elephant in the room

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Given the scale of the UK’s fiscal and demographic challenges, this Budget was an opportunity to place the State Pension system on a more sustainable footing. Instead, the government once again reaffirmed its commitment to the unaffordable and unfair triple lock, with the State Pension set to rise by 4.8 percent in April next year.… Read more »

The Times: The two-tier tax threat to your state pension

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Commentary from IF Senior Researcher, Conor Nakkan, was featured in this article: https://www.thetimes.com/money/saving-investing/article/state-pension-two-tier-tax-threat-lx6h3fvhx.

IF Budget Response: Some wins for younger people, but not the ones that matter most

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This was always going to be a difficult Budget. Economic growth remains sluggish, the labour market has softened, and borrowing costs remain elevated. The OBR’s downgraded productivity growth forecasts also did not make the Chancellor’s job any easier. But government Budgets are ultimately about priorities. All governments must decide how to raise revenue and what… Read more »