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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Will wages fill the tax credit gap? Don’t Budget for it

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Tax and Welfare

Recent high-profile converts are bringing headlines and new vim to the debate on working poverty. Good. But with this comes a cacophony of confusion about the National Minimum Wage (NMW), Living Wage, the role of tax credits and the likelihood that a recovery in earnings will compensate for cuts to in-work support. And this risks … Continued

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How far apart are the Conservatives and the Lib Dems on fiscal policy?

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Public Finances and the Economy

Amid recent discussion of the key role that parties such as UKIP and the SNP might play in ‘propping up’ a minority government after 7 May, less attention appears to have been given to the continued potential leverage of the Liberal Democrats. Of course, any future negotiations will revolve around a multitude of issues and … Continued

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How far apart are the Conservatives and Liberal Democrats on fiscal policy: could the coalition renew its vows?

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Public Finances and the Economy

Recently we looked at the degree of potential overlap between Labour and Liberal Democrat fiscal plans, and found that the parties are not as far apart as might first be assumed. In this second note, we consider the relative positions of the Conservatives and Liberal Democrats. The Conservative goal appears relatively straightforward: they want to … Continued

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How far apart are Labour and the Lib Dems on fiscal policy?

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Public Finances and the Economy

If they did a deal what might it look like: an end to austerity? Five weeks to go to polling day and it’s clear that the media, and perhaps the public, aren’t getting the answers they’d like to some of the fiscal questions the next government will have to address. What we’ve termed the candour … Continued

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