Public sector pension rules are a mess that helps neither workers nor the government. Fixing them could be a win-win.

Public finance data out today show that borrowing overshot the official forecast made at last month's Spring Statement by £15 ...

The government spent around £1.1 trillion, or 40.6% of national income, on our behalf in 2023-24. This was composed of different categories of spending - e.g. health, education, and benefit spending - ...

The new tax year marks the end of an era in the UK’s welfare state. Over 20 years since working tax credit (WTC) and child tax credit (CTC) significantly expanded its size and scope, these benefits ...

This week will see significant increases to both minimum wages and employer National Insurance contributions (NICs) take effect. The National Living Wage (NLW), which applies to those aged 21 or over, ...

“Today’s Scottish Fiscal Commission (SFC) report highlights the fiscal challenges facing the Scottish and UK governments over coming decades as populations age and public service costs rise. Under ...

This week, we’re looking at corporation tax, which was introduced 60 years ago. Across the decades there have been no shortage of predictions that corporate tax revenues will decline, and yet the tax ...

Private sector employees are increasingly accumulating retirement savings in ‘defined contribution’ (DC) pensions (pension pots that do not guarantee a regular income through retirement). Since 2015, ...

Not for the first time we are facing a nasty economic shock. At such times it can be useful to learn from the past; and now is an especially auspicious moment to look back at one particular moment in ...

As technological advances accelerate and labour demands shift, the ability of workers to reallocate across occupations will be crucial for shaping labour market dynamics, inequality, and effective ...

If you measure living standards by looking at how much people spend on goods and services (excluding housing-related expenditures and adjusting for household size) you get a starkly different picture ...