Stuart Adam @StuartAdam_IFS
Economist @TheIFS. Views my own. ifs.org.uk/people/stuart-… London Joined August 2021-
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I quite often get asked what I think about a wealth tax. A very good "elevator summary" of the economics of a wealth tax, from the indefatigable @StuartAdam_IFS, out today
NEW: Changes to health-related benefit reforms would reduce saving from the planned bill by £3 billion in 2029–30, but would create a huge difference in support between claimants. Read @TomWatersEcon, @LatimerEduin and @matthewoulton’s new briefing here: ifs.org.uk/articles/chang…
Frankly outrageous from the govt. This new, and I think unprecedented, ban on civil servants speaking in public will damage public debate, politics, policy making and the civil service itself. What are they thinking? instituteforgovernment.org.uk/comment/govern…
Reading the coverage of the Fair Funding Review 2 consultation and I think a few newspapers are somewhat misrepresenting it The plans do not involve reforming council tax or directly change council tax bills in the South (or North). But they could impact council tax... A 🧵
The government has today published a long-awaited consultation on reform of the local government funding system in England - the first in at least 13 years. Read the immediate response from @KateOgdenEcon here: ifs.org.uk/articles/immed…
Some of our country's brightest minds have been arguing about whether Walkers’ Sensations Poppadoms are enough like potato crisps to be subject to Value Added Tax That the design of our tax system makes this an argument worth having is outrageous. on.ft.com/4myxG6o
Expanding winter fuel payment eligibility – what are the government's options? New comment from @TomWatersEcon ifs.org.uk/articles/expan…
NEW: Our new and improved ‘Be the Chancellor’ tool, by IFS researchers in partnership with @nesta_uk, illustrates the key choices and challenges ahead of the Spending Review. Here’s why the Spending Review won’t be the end of the difficult choices facing the Chancellor: [🧵]
Does it pay more to be on disability benefits than in work? Some discussion on this topic today. A short thread with some thoughts
Does it pay more to be on disability benefits than in work? Some discussion on this topic today. A short thread with some thoughts
We're recruiting for a new Associate Director to lead our tax research. This is a job that I did & absolutely loved. A chance to work with brilliant people, lead interesting research & inform UK policy. If you're an economist with tax expertise, we'd love to hear from you
We're recruiting for a new Associate Director to lead our tax research. This is a job that I did & absolutely loved. A chance to work with brilliant people, lead interesting research & inform UK policy. If you're an economist with tax expertise, we'd love to hear from you
The OBR was perfectly clear. They didn’t show impact of welfare reform because they didn’t get details of the reforms until far too late. They “will incorporate an estimate of these impacts in our next forecast”. This a failure of govt policy making not of OBR.
The OBR was perfectly clear. They didn’t show impact of welfare reform because they didn’t get details of the reforms until far too late. They “will incorporate an estimate of these impacts in our next forecast”. This a failure of govt policy making not of OBR.
Have official statistics been overestimating the wealth of British households by £2 trillion (yes, trillion)? The ONS certainly thinks so. Unfortunately the revision is based on some pretty dodgy economics... 🧵
There are lots of head-scratchers in the design of the new childcare entitlements. But the £100k cliff-edge is one of the oddest. For a policy that's all about getting parents to work more, this is a big disincentive for high earners.
There are lots of head-scratchers in the design of the new childcare entitlements. But the £100k cliff-edge is one of the oddest. For a policy that's all about getting parents to work more, this is a big disincentive for high earners.
As we've highlighted many times @TheIFS, the tax system has a damaging cliff edge at £100k. For some people with kids in nursery, earning an extra £1 can make you over £20,000 worse off! Numbers thanks to @StuartAdam_IFS & @ckfarquharson 1/n
Hell hath no fury like an IFS researcher unhappy about the choice of discount rate used to produce official wealth statistics
Hell hath no fury like an IFS researcher unhappy about the choice of discount rate used to produce official wealth statistics
This is shocking stuff.. ONS has been making errors when valuing private pension wealth, they made a correction... and have made things worse... Sums involved are huge
This is shocking stuff.. ONS has been making errors when valuing private pension wealth, they made a correction... and have made things worse... Sums involved are huge
We @TheIFS identified big errors in ONS wealth estimates. (They didn’t correct for inflation when valuing pensions). They’ve fixed those without acknowledging they were mistakes. But have introduced a new flaw which takes a cool £2.3 trillion from wealth estimates for 2020.
We @TheIFS identified big errors in ONS wealth estimates. (They didn’t correct for inflation when valuing pensions). They’ve fixed those without acknowledging they were mistakes. But have introduced a new flaw which takes a cool £2.3 trillion from wealth estimates for 2020.
NEW: £2 trillion poorer than previously thought? 📗 @StuartAdam_IFS, @IsaacDelestre, Carl Emmerson and @David_Sturrock's new report finds that a major recent revision by the ONS to official estimates of household wealth is fundamentally flawed:
We are delighted to announce that @HelenMiller_IFS has been appointed as the next IFS Director, following on from @PJTheEconomist in July 2025. Find out more: ifs.org.uk/news/helen-mil…
Absolutely stunning line up for our biennial tax conference. If you have any interest in corporate tax - practitioner, policy maker, researcher - this is the best event of the year. Do sign up. It’s fun too!
Absolutely stunning line up for our biennial tax conference. If you have any interest in corporate tax - practitioner, policy maker, researcher - this is the best event of the year. Do sign up. It’s fun too!
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