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Tag: Institute of Fiscal Studies

1.2 million more dwellings than households – is that right?

1.2 million more dwellings than households – is that right?

The latest chapter of the Social Trends analysis produced by the statistician’s at ONS covers housing. It pulls together familiar data and will tell the cognoscenti little or nothing they don’t already know. But interestingly you don’t have to pass the first graph before widely held assumptions are challenged. It is taken as fact by the overwhelming proportion of politicians and housing professionals that there is a housing shortage. Well here is Figure 1. Pull the numbers apart and we…

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Comforting data ahead of the budget

Comforting data ahead of the budget

As the Chancellor Alistair Darling puts his final touches to the Budget he will be relieved by the recent spate of comforting data. Last Wednesday we had employment statistics showing that the unemployment was falling. On Thursday the figures on public finances were far healthier than expected, with the Institute for Fiscal Studies estimating that the level of borrowing for the financial year will come in £12 billion lower than forecast in the last Pre-Budget Report. Today we had the inflation…

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