Stuart Adam

Economist @TheIFS. Views my own.

[Helen Miller @HelenMiller_IFS]

For those (like me!) who enjoy debate about actual policy, here's a podcast we made about how to fix wealth taxes: https://t.co/QmrQtOtmWF via @TheIFS and with the wonderful @StuartAdam_IFS

[Helen Miller @HelenMiller_IFS]

@TheIFS we've long made case for wholesale CGT reform

Important: raising revenue & avoiding reducing investment requires reform of tax base.

Always good to see politicians picking up our ideas. You can read about the why & how of reform here https://t.co/EEv0oI039e
2 notes:..

[Helen Miller @HelenMiller_IFS]

No surprise to see ‘temporary’ fuel duty cut extended

Moving 1p rise from Sept to Jan 27 has one-off cost ~£200m

Fuel duty cuts are targeted at households & firms most exposed to fuel price rises but also blunts incentives to reduce driving

Permanent 5p cut would cost ~£2.3bn

[Institute for Fiscal Studies @TheIFS]

NEW: Wales’s main parties all have differing visions for the country over the next four years.

But they have one thing in common: they need to be more upfront about fiscal reality.

📗 @fiscalphillips' new briefing ahead of the Welsh elections ⬇️

[Isaac Delestre @IsaacDelestre]

NEW piece out today from myself and my fellow @TheIFS pointy-heads @StuartAdam_IFS, @levell_peter & @bobbieupton_ discussing yesterday's decision to abolish Carbon Price Support (CPS) and why it WON'T increase emissions... 🧵

[Institute for Fiscal Studies @TheIFS]

NEW: The government’s decision to abolish the Carbon Price Support is “a welcome, if small, step towards more uniform taxation of carbon emissions.”

📗 Read @StuartAdam_IFS, @isaacdelestre, @levell_peter and Bobbie Upton's response here: https://t.co/rc74o75puj

[David Phillips @fiscalphillips]

It's not tax & spending that are front & centre of the SNP manifesto: it is independence.

Independence would give more levers to a Scottish Government and there is genuine debate about long term impacts.

It would not ease fiscal pressures in short-term - it would deepen them.

[Institute for Fiscal Studies @TheIFS]

NEW: “At 165 pages, this is a big manifesto proposing huge changes to policy.”

📗 Read our response to the Scottish Greens’ manifesto here https://t.co/48QBGD0BPI

[Institute for Fiscal Studies @TheIFS]

NEW: "Despite Scottish Labour pitching its proposals as a manifesto for change, on tax and spending the changes proposed are relatively small. Fiscally that’s not necessarily a bad thing in the current environment"

📗 Read our response to their manifesto: https://t.co/60rJgSUDjl

[Laurence O'Brien @LaurenceOBrien_]

How is wealth distributed in the UK and how has this changed?

Currently, official statistics don't give a good answer: they calculate pension wealth in a way that's inconsistent over time and with how other assets are valued.

New @TheIFS report with @IsaacDelestre fixes this:🧵

[Institute for Fiscal Studies @TheIFS]

NEW: "Taken together, Plaid Cymru's plans would amount to a notable increase in spending...Unfortunately, they provide little information on how they would pay for these increases."

📗 Read our response to Plaid Cymru's manifesto: https://t.co/sjc5cIgjc7

[David Phillips @fiscalphillips]

🚨Our @theIFS response to Scottish Conservative manifesto is out.

🧮Welcome transparency in a clear policy costings document. 📊£6bn of 'giveaways' and £2bn of benefit cuts.
⚙️But £4bn of other spending cuts cannot be just 'efficiencies' - cuts this size would impact services.

[Institute for Fiscal Studies @TheIFS]

NEW: “The Scottish Conservatives' key tax and spending proposals, including income tax and business rate cuts plus over £2 billion in additional spending, would cost around £6 billion a year by 2031–32.”

📗 Read our response to the manifesto: https://t.co/UoJ0fRbk7n

[Institute for Fiscal Studies @TheIFS]

NEW: “The Green Party’s Welsh manifesto offers vision of a bigger state doing more for its citizens. But it lacks any plan for how to pay for that bigger state.”

📗 Read our response to the Green Party’s Welsh manifesto here: https://t.co/NGsQpeCI3x

[David Phillips @fiscalphillips]

This is the top-line and bottom-line on Reform UK's Scottish manifesto.

Scotland can have lower taxes - if spending is cut.

It CANNOT have lower taxes and higher spending.

And parties need to properly cost their proposals - a big shortcoming in yesterday's manifesto.

[Institute for Fiscal Studies @TheIFS]

NEW: The Welsh Government should be commended for leading on council tax revaluation. But in other areas it has chosen to mirror England’s ill-advised tax policies.

📊 @StuartAdam_IFS, @fiscalphillips, Jed Michael and Tom Wernham’s new report examines Welsh tax & benefits: [🧵]

[David Phillips @fiscalphillips]

My @theIFS colleague @StuartAdam_IFS & I have done lots of work on property taxes.

Our scorecard for Scotland unfortunately isn't glowing.
🏡Council tax needs genuine revaluation & reform.
💷LBTT increases means its increasingly damaging.
🛍️Business rates increasingly complex.

[Institute for Fiscal Studies @TheIFS]

Thread 2 on our NEW report on Scottish tax and benefit policy. Property tax reform is sorely needed in Scotland – for fairness and efficiency.

1. Like in England, council tax is out-of-date, regressive, and inefficient [THREAD]

[Institute for Fiscal Studies @TheIFS]

NEW: Scotland’s devolved tax and benefit system is more progressive than the rest of Great Britain’s, but is unnecessarily complex and distortionary.

📊 @StuartAdam_IFS, @fiscalphillips, Jed Michael and Tom Wernham’s new report examines Scotland’s tax and benefit system [THREAD]

[Institute for Fiscal Studies @TheIFS]

NEW PODCAST: Tax changes in the Budget

Our new IFS Zooms In episode sees @HelenMiller_IFS, @benzaranko and @StuartAdam_IFS examine on the tax changes buried in the detail of last week's Budget, from electric vehicles to tourist tax.

🎧 Listen here: https://t.co/nVZDGfNzRD