News

IFS issues frequent press releases and observations and features regularly in online, broadcast and printed media. Staff also write and contribute to news articles.

IFS research staff are happy to speak to the press about the findings of our work. If you are a member of the press and have an enquiry or would like to receive new press releases by email, please contact the Head of public relations, Bonnie Brimstone (020 7291 4818).

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Cost pressures on the NHS will only grow: it needs a long term funding solution, and that is likely to mean substantial tax rises

| Press Release

With the older population growing rapidly, along with the numbers suffering chronic health problems, and a growing pay and drugs bill, demands on the health service will only continue to grow. Just to keep the NHS providing the level of service it does today will require us to increase spending by an average 3.3% a year for the next 15 years – with slightly bigger increases in the short run to address immediate funding problems. This would mean health spending rising faster than national income and would take health spending from 7.3% of national income today to 8.9% of national income by 2033–34.

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Scottish income tax diverges further from rest of UK to raise more from high earners

| Observations

For the new 2018–19 tax year, the Scottish higher-rate threshold has fallen further behind that in the UK, and two new income tax bands have been added in Scotland while the higher- and additional-rates have been increased. While most Scots will be either unaffected or pay slightly less in tax, overall the change will raise revenue as a result of higher earners paying more. This observation argues that while these changes represent small tweaks to the system rather than a major overhaul, differences between the Scottish and UK income tax systems could have significant implications for taxpayer behaviour going forward.

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IFS analysis of today’s public finance figures

| Public Finance Press Releases

Today the Office for National Statistics and HM Treasury published Public Sector Finances January 2017. We now have details of central government receipts, central government spending, public sector net investment, borrowing and debt for the first ten months of financial year 2016−17.

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