Institute for Fiscal Studies

The Institute for Fiscal Studies (IFS) is a leading independent economic research institute based in London, United Kingdom. Established in 1969, the IFS focuses on the microeconomic analysis of public policy, providing rigorous research on taxation, public spending, and inequality. Although the organization is not a biotechnology or pharmaceutical developer, it conducts extensive research into health economics, including the funding and efficiency of the National Health Service (NHS). The institute's work is highly influential in UK political discourse, often serving as the primary source for non-partisan analysis of government budgets. It operates as a registered charity and is primarily funded by research grants from organizations like the Economic and Social Research Council.