Publication
Resolution Foundation analysis of the 2013 Budget
Date: 8 April 2013
Author: Vidhya Alakeson, Alex Hurrell & Matthew Whittaker
The Chancellor’s fourth Budget was a relatively quiet affair. While pre-announced changes mean that millions of households will face further reductions in benefit and tax credit receipts from April, the latest financial statement said nothing new about welfare cuts (though it confirmed that departmental spending is set to be tightened still further) and was instead more noticeable for some modest giveaways. Some are broad-based but small, from the latest increase in the income tax personal allowance to reductions in fuel and beer duties; others are more targeted, including a new scheme designed to boost homeownership and a new focus on childcare. In this note, we consider some of key announcements affecting households.
Detailed post-Budget analysis
Date: 25 March 2012
Author: Matthew Whittaker
Detailed analysis of the 2012 Budget by the Resolution Foundation.
2012 Personal Allowance Tax Changes
Date: 27 December 2011
Author: Matthew Whittaker
The income tax personal allowance is set to increase to £8,105 in April 2012, rather than the £7,900 it would have been if increased in line with September’s RPI. But small changes across tax credits mean losses for many low to middle income households.
Read our analysis of the changes to the personal allowance and tax credits due in April 2012.
Budget 2011: the impact on low-to-middle earners
Date: 26 April 2011
Author: Matthew Whittaker
This briefing note looks at all of the changes impacting on low-to-middle earners, including pre-announced tax and benefit changes taking force from April 2011, the new measures announced in Budget 2011 and the prospects for real wage growth under the macroeconomic forecasts set out in the Budget.
It also includes case studies of four typical low-to-middle earner households to demonstrate the impact of these changes over the next two years.
2012 2013 2020 activity rate Anna Vignoles April arrears Audit autumn statement balance benefit system benefits borrowing Britain budget budget 2011 budget response business case business impact cchpr child outcomes childcare Clive Cowdery Commission Commission on Living Standards conditionality cost of living wage council tax council tax benefit creditworthy david willetts Debt debt forgivenes debt target degree demographics discussion paper distribution donal hirsch earnings economic economy education election elizabeth washbrook emergency budget employment employment rate evidence expert group families family female employment finance financial advice financial capability financial health financial services financial services industry forbearance Gavin Kelly GDP gearing generation rent government Green Paper gregg growth growth without gain growth. niesr HM Treasury consultation holmes hourglass House of Commons House of Lords household debt household income Housing IFS in-work income inequality institutional investment interest rates international James Plunkett jane waldfogel jobs jobs gap John Van Reenen jonathan portes labour market labour share lane kenworthy lee savage letting agents Liam Wren-Lewis living standards living wage LMIs long-term care Louisa Darian low earner constituencies Low earners low earners audit low income low pay Low Pay Britain low pay threshold low to middle income low wages low-to-middle earners machin macro economic matthew pennycook Matthew Whittaker mayhew Mike Brewer minimum wage missing million missing out mobility mortgages mothers MPs mum netmums non-employment rate OECD older on your marks Parliamentary briefing part time Pensions Bill Pensions White Paper personal allowance peter williams plan c polarisation Policy Press polling population poverty pre-budget report private rented sector productivity projections property assets public sector deficit recession reform rent renting Resolution Foundation Resolution Foundation briefing response routine jobs sanctions sector share shelter skills social social care market social mobility social mobility foundation Sophia Parker squeezed Squeezed Britain Squeezed Middle submission survey sutton trust tax tax credits tax cuts tenure The squeezed middle think tank think-tank Thoresen Review Transact Treasury Select Committee unemployment Universal Credit Vidhya Alakeson wage bill wage share wages welfare reform welfare state White Paper who gains from growth women Work Work and Pensions Select Committee work incentives work-life workers workforce
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