Unaffordable, unfair and unwise tax cuts have prevented the government from balancing the books

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Tax and Welfare

Unaffordable, unfair and unwise tax cuts have prevented the government from balancing the books Chancellor should use Autumn Statement to rethink tax strategy, halting cuts to corporation tax and increases in income tax thresholds Tax giveaways worth £32bn this year have prevented the government from meeting its fiscal targets, according to new analysis published today … Continued

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Main parties misrepresenting who will gain from tax cuts in next parliament

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Tax and Welfare

Resolution Foundation calls for improved in-work support and alignment of National Insurance threshold with the Personal Allowance to support households on low to middle incomes The income tax cuts proposed to date by the main parties are set to largely bypass low to middle income Britain – the very households they claim to be helping … Continued

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Don’t mis-sell tax cuts to millions of working families, urges Resolution Foundation

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Tax and Welfare

Politicians weighing up tax cuts in the approach to the next general election are at risk of mis-selling their policies by failing to disclose how little of any proposed giveaway in the next Parliament will actually benefit millions of working households on universal credit. Analysis by the Resolution Foundation reveals for the first time how … Continued

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