The UK education system preserves inequality – new report
Sep 13, 2022 · However, our new comprehensive study, published as part of the Institute for Fiscal Studies Deaton Review of Inequalities, shows that education in the UK is not tackling inequality. Instead, children from poorer backgrounds do worse throughout the education system. The report assesses existing evidence using a range of different datasets.
What does the government spend money on? - Institute for Fiscal …
In 2022–23, government spending was almost £1,200 billion, or around 45% of GDP. Health spending is a growing share of the total. The government spends huge amounts of money each year on our behalf. In 2022–23, UK government spending was almost £1,200 billion, or around £17,000 per person. This was equivalent to around 45% of GDP.
Where does the government get its money? - Institute for Fiscal …
In 2023–24, total UK government revenue is forecast to be £1.06 trillion, or 41% of gross domestic product (GDP). The primary source of revenue is taxation, which is forecast to raise £950 billion in 2023–24, or 37% of GDP – equivalent to around £17,200 for each adult living in the UK. A little over £100 billion of government revenue ...
How do UK tax revenues compare internationally?
UK tax revenue is below average. UK tax revenue was 33.5% of gross domestic product (GDP) in 2021 – the most recent year for which there are internationally comparable data. This is slightly below the average for both the G7 (36.3%) and the OECD (34.1%). While UK taxes are higher than in most other English-speaking developed economies (such ...
The economic consequences of the UK’s ageing population
Mar 7, 2022 · Thirty years ago, only 1.6% of the population was aged 85 years and over, but by 2020 this had risen to 2.5%, equivalent to 1.7 million people. This trend is predicted to continue with the Office for National Statistics forecasting that by 2045, 4.3% of the population will be aged 85 years and over. This is equivalent to an almost doubling of ...
Education inequalities | Inequality: the IFS Deaton Review
Changes in education over time. Education levels have risen over time, in the UK and internationally. The share of students achieving at least five good GCSEs or equivalent increased from under 40% in the early 1990s to a high of 82% in 2012, while the share of the working-age population with a degree has more than doubled since 2000 – from just under 20% in 2000 to just over 40% in 2020.
Be the Chancellor - Institute for Fiscal Studies
Be the Chancellor. Welcome, Chancellor. Congratulations on your appointment. We’ve prepared this tool to help you set your tax and spending plans for the next five years. Make policy changes, adjust assumptions about growth and interest rates, and see the effects on borrowing and debt. Our interactive tool lets you be the Chancellor.
Adult social care in England: what next?
Oct 10, 2024 · Key findings. 1. Local authorities in England have budgeted £24.5 billion for spending on adult social care services in 2024–25. Around half of this spending goes towards support for working-age adults and around half goes towards support for …
Annual report on education spending in England: 2023
Dec 11, 2023 · Total spending. 1. In 2022–23, total public spending on education in the UK stood at £116 billion (including the cost of issuing student loans and in 2023–24 prices). In real terms, this represents an 8% or £10 billion fall since 2010–11. 2.
Options for the 2024 Spending Review and beyond
Oct 10, 2024 · This higher-than-expected increase in prices has reduced the real-terms generosity of departmental spending plans. At the 2021 Spending Review, cash budgets and inflation forecasts together implied that total day-to-day departmental spending would grow by 3.3% per year in real terms between 2021–22 and 2024–25.