Institute For Fiscal Studies News
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Britons over the age of 60 have continued to see their incomes rise since the recession, while earnings for those in their 20s slumped, the Institute for Fiscal Studies said.
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Britons experienced an unprecedented squeeze on incomes over the past five years as workers accepted pay cuts as the price of keeping their jobs, research published today showed.
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Britain’s voters may face higher taxes after the 2015 election if spending cuts outlined by Chancellor of the Exchequer George Osborne become too difficult to implement.
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The U.K.’s Office for National Statistics is making economists anxious about inflation.
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The U.K. government is considering cutting or freezing the national minimum wage if it’s shown to be damaging the labor market, Prime Minister David Cameron’s spokesman said.
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Chancellor of the Exchequer George Osborne may have to extend his austerity program by another year to 2018 after a deterioration in Britain’s economic prospects, according to the Institute for Fiscal Studies.
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The pound weakened to a one-month low against the euro as European Union finance ministers meet for talks on an updated aid package for Greece, less than a week after an all-night meeting failed to reach an agreement.
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Marissa Mayer’s decision to order Yahoo! Inc. staff to work in the company’s offices runs counter to new research published by the National Bureau of Economic Research.
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British Prime Minister David Cameron ’s once-in-a-generation budget gamble is paying off for now as the economy’s unexpected strength eases investors’ qualms over the risk of a renewed recession.
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Chancellor of the Exchequer George Osborne will today defend an overhaul of Britain’s welfare system, arguing that tax cuts for people on low incomes will make them better off.
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