390:, and Jeremy Skinner and Halmer Hudson joined the group. Will Hopper has stated that the idea of a research institute did not take shape until some time later at a dinner which was attended by Bob Buist, John Chown, Nils Taube and himself on 30 July 1968 at the Stella Alpina restaurant, 32 North Audley Street, London, at which a decision was made to found the institute. Will Hopper proposed the name 'Institute for Fiscal Studies'. 'Fiscal' was selected rather than just 'tax' "because we wished to include the other side of fisc. You cannot discuss the economic impact of taxation without looking at expenditure and the balance between the two." The institute was formally incorporated on 21 May 1969.
151:
142:
663:
and publicly-funded organisations, notably including the BBC, H M Treasury, the
Department for Work and Pensions, the Government Equalities Office, the Department for International Development, the Department of Health, the Department for Business, Innovation and Skills, the Department for Education, the Department of Finance and Personnel for Northern Ireland, HM Revenue and Customs, the Food Standards Agency, the
420:(Conservative Party). In the same year an Executive Committee was formed, with Will Hopper as Chairman, Halmer Hudson as Secretary and Buist, Chown, Skinner and Taube as Members. In 1972, the first full-time staff of the institute were appointed. In 1974, the institute moved from Bell Yard to Chandos Place. In 1975, the Meade Committee began its enquiries under the leadership of the later Nobel laureate
36:
635:, which was published in September 2011. The review consists of two volumes. The first of these is a series of chapters covering different aspects of the UK tax system, accompanied by commentaries voicing different opinions. The second sets out the conclusions of the review. The review was chaired by Nobel laureate
305:
The institute's stated aim is "to provide top quality economic analysis independent of government, political party or any other vested interest. Our goal is to promote effective economic and social policies by understanding better their impact on individuals, families, businesses and the government's
681:
said the IFS was 'embedded in all the normal, standard pro-market assumptions that dominate conventional economic thinking in the UK and elsewhere'." Murphy also stated in a report that the "Institute for Fiscal
Studies is a body that persistently recommends tax increases that benefit the wealthiest
662:
in
Parliament pointed out that "95 per cent. of 5.1 million funding comes from so-called research grant contracts, details of which are not itemised in its accounts; that the vast majority of its official funding bodies are Government departments, the wider public sector, the European Commission
568:
The CPP carries out microeconomic analysis of major public policy issues, including productivity growth, poverty reduction, promoting employment and ensuring sound public finances. Its focus is on the modelling of individual, household and firm behaviour. Between 1991 and 2020, CPP was directed by
372:
and suggested that "the government and its advisers had three or four months for second thoughts and, recognising some of the dire consequences, would modify their original proposals." The chancellor did not change his mind. This led to further discussion among the group about their views on tax
667:, the Low Pay Commission and the Office for National Statistics; that the Institute for Fiscal Studies recently received a substantial part of its core funding from the Economic and Social Research Council, which is ultimately funded by the Department for Business, Innovation and Skills...".
364:. The group felt that the proposals were "half-baked". Nils Taube had commissioned John Chown to prepare a professional analysis of the speech and its effect on share prices. Chown described what he thought the impact of the proposals would be if implemented but also treated the exercise as a
706:
commented that while the institute had no links to political groups, it had an inherent bias in its judgement criteria that "favour accounting balance over social outcome", saying that an IFS analysis cannot tell the public "whether a policy is a good idea, only whether the numbers add up."
373:
reform and the budget process. In Chown's words, the group wanted to ensure that "never again should a government, regardless of its political colour and intentions, introduce far-reaching tax legislation without the benefit of deep and thorough analysis of second- and third-order effects."
397:. In particular, the group's declared aims were "to alter the climate of opinion within which changes to the British tax system were considered; to alter the procedures by which changes in the tax system were effected; and to help create a more rational tax system".
1575:
695:'institutes' funded by research grants (which means, usually, tax money) will always argue for more expensive meddling by the state" and that the Institute for Fiscal Studies was "the most striking example" of this.
676:
stated: "Some left-leaning economists look with particular scepticism on the claim that the IFS has no ideology, arguing that the institute holds an excessive faith in the power of market forces. The tax campaigner
1565:
412:
government, was approached to be the institute's first director. In 1971 a
Council of the institute was formed, with President Sir Richard Powell (civil servant) and Vice-Presidents
500:. Although most of the institute's research is UK-focused, recent work has also looked at international development policies, for instance at education and nutrition programmes in
934:
831:
651:
accused the IFS of using methods that were "distorted and a complete nonsense", after it challenged government claims that tax and benefit reforms in the June 2010 Budget were "
1590:
553:(ESRC) research centre, the Centre for the Microeconomic Analysis of Public Policy (CPP). The CPP has had Institute status since 2020. It is directed by Professor
578:
1164:
1570:
190:
To inform public debate on economics, via establishment of rigorous independent research, in order to promote the development of effective fiscal policy.
442:, who would later become governor of the Bank of England." In 1978, the Meade Report was published and the institute moved to Castle Lane. In 1979, the
393:
As well as research, the institute had wider, unspoken objectives. The founders did not just want to start an institute; they wanted to change
British
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The institute is home to – or a partner in – the following research centres (some of which are described further, in following sections):
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72:
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developing and applying methods for modelling individual behaviour, the influences on it and the impact of policy interventions; and
119:
79:
962:
57:
50:
508:, the IFS' Research Director and Head of UCL Economics, won the Klaus J. Jacobs Research Prize for his work in the latter field.
678:
1138:
86:
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805:
595:
Cemmap organises training courses and masterclasses and is home to a working paper series in the field of microeconometrics.
361:
295:
1398:
878:
577:
The institute hosts the Centre for
Microdata Methods and Practice (Cemmap), a joint venture between the institute and the
68:
856:
664:
625:
350:
338:
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639:
and included contributions from IFS staff alongside prominent economists from various universities around the world.
464:. In 1987, the Capital Taxes Group was established. In 1990, the institute moved to Ridgmount Street. In 1991, the
1375:
46:
1112:
1086:
452:
series began. In 1980, the
Armstrong Report was published. In 1982, the Report series was launched and the first
322:
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699:
356:
had made a speech announcing his intentions to make changes to the tax system, including the introduction of a
220:
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1432:
900:
647:
The institute frequently speaks out on politically important issues. In
October 2010, Deputy Prime Minister
1560:
1292:
810:
703:
150:
93:
1352:
https://edm.parliament.uk/early-day-motion/41871/government-funding-of-the-institute-of-fiscal-studies
725:
620:, which publishes articles submitted by a range of academics and practitioners in the field. The IFS
461:
435:
367:
658:
Concern is sometimes expressed regarding the sources of the institute's funding. In
October 2010 an
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283:
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The institute regularly publishes policy-reports and academic articles. It also produces a
17:
1297:
935:"The British umpire: how the IFS became the most influential voice in the economic debate"
832:"The British umpire: how the IFS became the most influential voice in the economic debate"
793:
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in society at cost to those who make their living from work and the poorest in society."
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conducting research and organising conferences, symposia, workshops and training courses;
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318:
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337:, by four financial professionals: a banker and later Conservative Party politician (
299:
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The
Institute for Fiscal Studies receives funding from various sources, such as the
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740:
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672:
430:
417:
401:
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Centre was inaugurated. In 1994, the Tax Law Review Committee was established.
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document was published by the institute. In 1985, the institute moved to
624:, which discusses policy issues which are likely to be relevant for the
1457:
493:
1139:"UCL economist receives Klaus J. Jacobs Research Prize: Press release"
1116:
1090:
1321:"New IFS research challenges Chancellor's 'progressive Budget' claim"
1223:
287:
201:
1201:
1165:"Explainer: how UKRI's institutes support research and innovation"
904:
591:
maintaining an extensive network of fellows in the UK and abroad.
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Political and economic think tanks based in the United Kingdom
29:
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Centre for the Microeconomic Analysis of Public Policy (CPP)
928:
926:
924:
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It has been rated as 'highly transparent' in its funding by
333:
The institute was founded in response to the passing of the
1535:
1200:. Centre for Microdata Methods and Practice. Archived from
792:
and has been a given a A grade for funding transparency by
341:), an investment trust manager (Bob Buist), a stockbroker (
628:'s annual budget statement, is published early each year.
561:, Professor James Banks, Professor Eric French, Professor
1363:
http://www.taxresearch.org.uk/Documents/VATRegressive.pdf
522:
Centre for the Evaluation of Development Policies (EDePo)
302:. It produces both academic and policy-related findings.
1525:
1399:"We need to talk about the Institute for Fiscal Studies"
879:"We need to talk about the Institute for Fiscal Studies"
540:
formerly Programme Evaluation for Policy Analysis (PEPA)
537:
Centre for Tax Analysis in Developing Countries (TaxDev)
376:
In 1967 a brainstorming weekend took place at The Bell,
257:
991:
Robinson, Bill (August 1990). "The Early Days of IFS".
545:
Centre for the Microeconomic Analysis of Public Policy
434:
in 2016: "Meade was assisted by two young economists:
785:, international organisations and other non-profits.
438:, who would go on to become director of the IFS, and
1566:
Organisations based in the London Borough of Camden
857:"Assessing the manifestos – The IFS fails the test"
476:Areas of research covered by the institute include
252:
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226:
214:
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1536:Centre for Microdata Methods and Practice (cemmap)
1145:. Science Business Publishing Ltd. 13 October 2016
1115:. The Institute for Fiscal Studies. Archived from
1089:. The Institute for Fiscal Studies. Archived from
1063:. The Institute for Fiscal Studies. Archived from
903:. The Institute for Fiscal Studies. Archived from
534:Centre for Microdata Methods and Practice (cemmap)
1509:"Who Funds You? The Institute for Fiscal Studies"
602:and since 2007 has been an ESRC research centre.
598:Cemmap was founded in 2000 with a grant from the
1293:"Nick Clegg accuses IFS of 'distorted nonsense'"
715:The following have been directors of the IFS:
986:
984:
982:
980:
978:
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698:A week before the manifesto analysis for the
8:
134:
753:Former members of staff of the IFS include
247:Economic and Social Research Council (ESRC)
963:"The Charity Commission Central Register:
149:
140:
133:
1591:1969 establishments in the United Kingdom
1192:
1190:
1188:
1186:
765:(Liberal Democrat Pensions Minister) and
573:Centre for Microdata Methods and Practice
120:Learn how and when to remove this message
1541:The Economic and Social Research Council
380:. In the same year, the group published
822:
549:Since 1991 the institute has hosted an
1483:"Round-Up of Transparify 2018 Ratings"
631:Another noteworthy publication is the
56:Please improve this article by adding
1426:"Reflections of former IFS directors"
1376:"Leading article: The power of ideas"
1055:
1053:
1051:
1049:
1021:Against the Tide: politics and beyond
769:(Chief of Staff to former Chancellor
7:
783:Economic and Social Research Council
551:Economic and Social Research Council
529:English Longitudinal Study of Ageing
565:and Professor Fabien Postel-Vinay.
406:Financial Secretary to the Treasury
1226:. The Institute for Fiscal Studies
1005:10.1111/j.1475-5890.1990.tb00136.x
691:published an article stating that
384:with proposals for tax changes in
25:
1571:Organizations established in 1969
448:publication was launched and the
1526:The Institute for Fiscal Studies
1397:Weeks, John (22 November 2019).
1326:. 25 August 2010. Archived from
404:, then a Labour MP and a former
273:The Institute for Fiscal Studies
135:The Institute for Fiscal Studies
34:
581:. Cemmap's activities include:
525:Tax Law Review Committee (TLRC)
519:Analysis of Public Policy (CPP)
1586:Taxation in the United Kingdom
806:Taxation in the United Kingdom
69:"Institute for Fiscal Studies"
27:UK economic research institute
1:
1581:Research institutes in London
1224:"Publications & Research"
1027:. p. 206. Archived from
933:Akam, Simon (15 March 2016).
830:Akam, Simon (15 March 2016).
557:, and co-directors Professor
504:. In October 2016, Professor
458:The Reform of Social Security
58:secondary or tertiary sources
1556:Economic research institutes
1018:Taverne, Dick (March 2014).
965:Institute for Fiscal Studies
155:Offices of the IFS in London
665:International Monetary Fund
626:Chancellor of the Exchequer
579:UCL Department of Economics
351:Chancellor of the Exchequer
166:; 55 years ago
18:Institute of Fiscal Studies
1607:
1087:"Tax Law Review Committee"
382:A Charter for the Taxpayer
731:Bill Robinson (1986–1991)
345:), and a tax consultant (
323:University College London
148:
139:
702:was released, economist
700:2019 UK general election
309:Its offices are in the
294:, which specialises in
1061:"ESRC Centre homepage"
811:List of UK think tanks
45:relies excessively on
456:was issued. In 1984,
349:). In 1964, the then
1333:on 24 September 2015
462:Tottenham Court Road
368:reductio ad absurdum
279:) is an independent
1246:"IFS Green Budgets"
1143:sciencebusiness.net
1093:on 1 September 2014
614:quarterly journal,
416:(Labour Party) and
136:
1489:. 17 December 2018
881:. 22 November 2019
759:Stephanie Flanders
569:Richard Blundell.
490:consumer behaviour
284:research institute
182:Non-profit company
1301:. 21 October 2010
1272:"Mirrlees Review"
1252:on 6 October 2014
1119:on 20 August 2010
1067:on 24 August 2010
358:capital gains tax
270:
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16:(Redirected from
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515:Centre for the
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362:corporation tax
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1462:www.ifs.org.uk
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1438:on 11 May 2021
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1378:. 23 July 2011
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741:Robert Chote
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179:Legal status
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1467:16 February
1458:"Finance -"
1410:29 November
1305:19 November
1230:6 September
1208:6 September
1175:20 February
1123:6 September
1071:6 September
999:(3): 1–11.
911:6 September
901:"About IFS"
790:Transparify
743:(2002–2010)
737:(1991–2002)
728:(1979–1986)
722:(1970–1979)
653:progressive
555:Imran Rasul
440:Mervyn King
422:James Meade
414:Roy Jenkins
339:Will Hopper
296:UK taxation
232:IFS Council
1550:Categories
1149:13 October
947:18 October
817:References
763:Steve Webb
755:Evan Davis
704:John Weeks
649:Nick Clegg
498:inequality
426:Simon Akam
347:John Chown
343:Nils Taube
311:Bloomsbury
228:Main organ
110:March 2017
80:newspapers
47:references
670:In 2016,
643:Criticism
428:wrote in
400:In 1970,
387:The Times
286:based in
161:Formation
1442:12 April
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726:John Kay
502:Colombia
482:pensions
472:Research
436:John Kay
313:area of
281:economic
216:Director
195:Location
1198:"About"
885:6 March
863:6 March
841:6 March
777:Funding
494:poverty
408:in the
329:History
253:Website
187:Purpose
169: (
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1493:7 July
1365:pg. 13
1038:25 May
711:People
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410:Wilson
360:and a
288:London
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101:JSTOR
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