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8 Sep, 4 tweets, 2 min read
NEW: The past 40 years shows NHS spending plans are almost always topped up.

If history repeats itself, the ‘temporary’ increases in NHS funding could end up permanently swallowing up the money raised by the tax rise, leaving little for social care.

ifs.org.uk/publications/1…
The extra funding provided for the NHS in yesterday's announcement will result in spending growing at 3.9% a year between 2018−19 and 2024−25.

This is exactly the same rate of growth as was planned between 2018−19 and 2023−24.
This suggests little in the way of virus-related spending after 2024.

A future top up could be required – but even without one, health spending is set to account for an ever-growing share of total day-to-day public service spending: 44% by 2024−25, up from 27% in 1999−00.
Read the full briefing by @BenZaranko, part of our #IFSGreenBudget funded by @NuffieldFound, here > ifs.org.uk/publications/1…

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More from @TheIFS

Institute for Fiscal Studies Profile picture
8 Sep
NEW REPORT: In their 30s, children with parents in the wealthiest fifth of their generation had average net wealth six times greater than those with parents in the poorest fifth.

Read our @ESRC funded report on wealth inequality > ifs.org.uk/publications/1…

THREAD [1/6]
Having wealthy parents is particularly important for getting to the top of the wealth distribution.

Children of the wealthiest fifth of parents are almost three times as likely to be in the wealthiest fifth in their generation as those with average parental wealth.

[2/6]
Children of wealthier parents are much more likely to be homeowners by age 30.

65% for those with parents in the top third of the wealth distribution owned a house, compared to against 56% and 41% for those whose parents were in the middle and bottom thirds, respectively.

[3/6]
Read 7 tweets
Institute for Fiscal Studies Profile picture
6 Sep
NEW: Home learning improved substantially over the course of the pandemic – but this still leaves huge learning inequalities from the first lockdown baked in.

Read our new @NuffieldFound funded report on learning inequalities > ifs.org.uk/publications/1…

[THREAD 1/5] Image
Secondary school students’ learning time rose from 22 hours per week in the first lockdown to 29 hours in the second school closures.

Despite these improvements, 40% of children still did not meet the government’s minimum guidelines for learning time.

[2/5] Image
In Autumn 2020, only 40% of pupils were offered interactive resources like online classes for self-isolating.

Support was worse for poorer pupils; 43% of secondary school pupils from the richest families were offered online classes, compared to 35% of poorer pupils.

[3/5] Image
Read 5 tweets
Institute for Fiscal Studies Profile picture
15 Jun 20
#COVID19 means the geography of vulnerabilities in England has shifted away from traditional North–South or urban–rural divides.

Policymakers at different levels will need to coordinate their response.

New research funded by @NuffieldFound: ifs.org.uk/inequality/the…
There is a ‘patchwork’ of vulnerability to the #coronavirus crisis across England. But some local authorities do look vulnerable in multiple ways.

There are nine local authorities where public health, local jobs and families are all more vulnerable to the crisis than average.
Vulnerabilities to the #COVID19 crisis do not always overlap geographically.

Areas where residents look particularly vulnerable to the health effects aren't in general those likely to be hit hardest by job losses. Areas with more children at risk tend to be different again.
Read 4 tweets
Institute for Fiscal Studies Profile picture
6 Apr 20
The lockdown in response to the #coronavirus pandemic has effectively shut down many sectors of the economy.

These shut-downs will affect the youngest and lowest paid workers, and women, the most.

Our new research: ifs.org.uk/publications/1…
The lockdown is likely to hit younger workers the hardest.

At the start of the #coronavirus pandemic, employees aged under 25 were about two and a half times as likely to work in a sector that is now shut down as other employees.
In the short run, many young people will have the cushion of the earnings of parents or other household members during the #coronavirus pandemic.

But the long-run effects of sector shut-downs on their career prospects are could be severe.
Read 5 tweets
Institute for Fiscal Studies Profile picture
21 Nov 19
Looking for independent analysis of the #LabourManifesto?

🔍 Get initial reaction from IFS researchers on our election website, funded by @NuffieldFound.

ifs.org.uk/election/2019/…
All 3 main parties have now announced plans for corporation tax rates.

In the short term these plans could raise £20bn (Lab) / £8bn (LD) / £6bn (Con) a year relative to pre-election plans to cut the rate to 17%.

In the longer term, lower investment would reduce these figures.
The #LabourManifesto includes plans for an £80bn increase in day-to-day spending by 2023/24, along with an additional £55bn of investment spending each year.

This would mean a marked expansion in the size of the state and would represent a sharp break with the recent past.
Read 7 tweets
Institute for Fiscal Studies Profile picture
15 Nov 19
Labour and the Conservatives both plan to take the minimum wage to a historical high and give the UK one of the highest minimum wages among developed countries.

New #GE2019 analysis, funded by @NuffieldFound: ifs.org.uk/election/2019/…
@NuffieldFound Labour’s policy would mean nearly 30% of private sector employees’ wages would be set directly from Whitehall, while Conservative policy would set 20% of private sector wages.
@NuffieldFound Under Labour policy, 49% of employees aged 21–24, 82% of those aged 18–20 and 94% of those aged 16–17 would be affected by the minimum wage.

There are particular risks to having very high minimum wages for young employees, as many may struggle to find employment at those wages.
Read 6 tweets

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