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Back to the future squeeze

Back to the future squeeze | ESRC press coverage | Scoop.it

So it's back to austerity. The battling over future projections for an independent Scotland's budget can be binned. It's time to focus on the budgets which Holyrood will have, rather than the ones it might have had.

ESRC's insight:

The article cites a report from the Institute for Fiscal Studies, which receives ESRC funding.

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Labour needs to be candid about the painful cuts it will have to make

Labour needs to be candid about the painful cuts it will have to make | ESRC press coverage | Scoop.it
Andrew Rawnsley: Behind the scenes, Labour's Treasury team has begun to identify how it would squeeze spending to balance the books if the party were to win power
ESRC's insight:

The article names the Institute for Fiscal Studies (IFS) as a respected independent body. The IFS receives some funding from the ESRC, for independent research and analysis.

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Parks Alliance calls for action as next Parliament spending cuts become clear

The deputy chairman of the Parks Alliance has called on the industry "to be more proactive" after future public sector spending cuts of up to a 35 per cent were outlined in the Budget.

Last Wednesday the Chancellor George Osborne made it clear that the level of cuts seen in this Parliament would continue into the next, with an overall reduction in Government spending of £2bn each year from 2016-17.

ESRC's insight:

The Institute for Fiscal Studies has estimated that this will mean that departments which are not protected – everything except NHS, schools and aid – will need to make cuts of 35.6 per cent up until 2018/19.


The Institute for Fiscal Studies hosts two ESRC Research Centres.

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Budget Roundtable: The Economy – what kind of growth and is it here to stay?

Roundtable discussion, with six audio files.

ESRC's insight:

Discussions include Paul Johnson, Director of the ESRC-funded Institute of the Fiscal Studies.

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Osborne readies tight UK budget even as elections approach

British finance minister George Osborne will bear few gifts for voters when he announces his annual budget next Wednesday, little more than a year before the next national election.


Osborne looks determined to stick to his message that Britain is only half-way through the belt-tightening plan he launched in 2010 to fix Britain's still wide budget deficit.

ESRC's insight:

Article features comment from the deputy director of the ESRC-funded Institute of Fiscal Studies.

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Labour 'has scope to limit cuts'

Labour 'has scope to limit cuts' | ESRC press coverage | Scoop.it

A future Labour government has scope to limit spending cuts by delaying its timetable for balancing the books, the Institute for Fiscal Studies has said.

ESRC's insight:

The article cites the Institute for Fiscal Studies, which receives ESRC funding.

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Personal allowance tax increase not a gain for low earners or many women

Personal allowance tax increase not a gain for low earners or many women | ESRC press coverage | Scoop.it

"Despite ongoing pressures on the public finances the current government has steadily increased the income tax personal allowance. It is shortly due to be increased to £10,000 on 6th April 2014."


By April 2014, 2.7 million low income individuals have been lifted out of income tax altogether since 2010, and 25.4 million individuals will have benefited from the increases in the income tax-free threshold, according to the government.


However, while these assertions may be true, they do not take account of the distributional impacts on households, and research from the IFS shows that families in the middle to upper household income deciles benefit disproportionately from this policy.

ESRC's insight:

The IFS receives funding from the ESRC.

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BBC Radio 4 - Today, 19/03/2014

BBC Radio 4 - Today, 19/03/2014 | ESRC press coverage | Scoop.it

Discussing the budget.

ESRC's insight:

Uses insight from the Institute of Fiscal Studies, which receives funding from the ESRC.


Clip starts from 33:45.

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Chancellor to reveal new 12 sided £1 coin in today's Budget

Chancellor to reveal new 12 sided £1 coin in today's Budget | ESRC press coverage | Scoop.it
A NEW £1 coin will be introduced to beat clever fraudsters targeting the current one, George Osborne will reveal today.
ESRC's insight:

Article also discusses questions from the Institute of Fiscal Studies, which receives funding from the ESRC.

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Budget 2014: Ten predictions

Budget 2014: Ten predictions | ESRC press coverage | Scoop.it

Chancellor George Osborne is set to deliver his fifth annual Budget to Parliament. The UK economy is recovering but still faces challenges, so what can we expect this time around?

ESRC's insight:

Discusses figures from the ESRC-funded Insitute of Fiscal Studies.

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