Poorest third of households will be worse off from tax and benefit changes starting this week, despite a £1bn giveaway

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Welfare & Tax Reform

Four-fifths of the gains from tax and benefit changes coming into effect later this week (6 April) will go to the richest half of households, with the poorest third of households set to be £70 worse off on average, according to a new briefing note published today (Sunday) by the Resolution Foundation. The analysis looks … Continued

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Government has missed the opportunity to ensure tax system keeps pace with a changing world of work

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Welfare & Tax Reform

Commenting on the news that the Chancellor has dropped plans to increase Class 4 National Insurance contributions for the self-employed in this parliament, Torsten Bell, Director of the Resolution Foundation, said: “Whatever the rights and wrongs of Conservative Manifesto commitments, today’s U-turn on National Insurance means the government has missed an opportunity to correct a … Continued

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

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Welfare & Tax Reform

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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Landmark day for Universal Credit as full service is rolled out Jobcentres today

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Welfare & Tax Reform

  Resolution Foundation says that major reforms are needed to make a success of the flagship welfare reform programme With the roll-out of the full Universal Credit service finally starting today (Wednesday) – it is being rolled out to five jobcentres including Bath and Newcastle Cathedral Square, with more to follow in the coming months … Continued

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New Work and Pensions Secretary must reclaim Universal Credit from the Treasury

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Welfare & Tax Reform

  Resolution Foundation calls for major reforms as full roll-out of Universal Credit begins this month A few weeks into his role, the new Work and Pensions Secretary has been urged to reclaim Universal Credit (UC) from the Treasury. The advice is contained in a major new report published today (Tuesday) by the Resolution Foundation … Continued

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