We can’t (tax) cut our way out of the tax credit problem

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Tax and Welfare

When it comes to this April’s tax credit cuts we’re now swiftly approaching t‎he point where everyone accepts there is a problem, and starts to ask the real question – what is the solution? ‎ Forthcoming work from the Resolution Foundation will look at the issue in detail, but it’s worth sketching out the parameters … Continued

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Could Labour and the Liberal Democrats agree on deficit reduction and spending cuts?

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At first glance How much of a difference is there between Labour and the Liberal Democrats on fiscal policy (we’ll consider the gap between other parties in future briefings)? Labour’s policy is to get “the current budget into surplus and national debt falling as soon as possible within the next Parliament” – ‘current’ meaning excluding … Continued

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