An overview of the UK's leading independent economic research institute and its work on taxation, spending and inequality
The IFS is an independent UK think tank established in 1969, researching taxation, public spending, inequality and labour markets to inform policymaking with evidence-based analysis.
How does the OBR provide independent analysis of the UK's public finances?
The OBR is an independent body established in 2010 to forecast the economy and public finances, evaluate government fiscal policy, and enhance transparency in the UK's economic decision-making.
Governmental preferred supplier programmes offer cost savings and efficiency, but risk reducing competition and fostering corruption
Government preferred supplier programmes cut costs and streamline procurement but risk reducing competition, encouraging corruption, and limiting innovation. Transparency and regular reviews help balance these trade-offs.
Why goods from preferred suppliers often cost more than retail prices
Preferred suppliers charge more due to stricter quality standards, customization, technical support, reliable delivery, compliance certification, and comprehensive after-sales services that retail options typically don't provide.
