Falling through the cracks: the widening gap between unemployment and benefit statistics

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Tax and Welfare

The implementation of Universal Credit, by combining six in- and out-of-work benefits into one, could provide a much needed refocus on groups at the edges of the labour market who need support. It is also an opportunity to provide greater practical support to people stuck at low levels of earnings. But our analysis suggests the … Continued

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The million dollar be-question: inheritances, gifts, and their implications for generational living standards

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Intergenerational Commission, Tax and Welfare

This report assesses the role that intergenerational family transfers – inheritances and gifts – will play in addressing the generational living standards challenge that Britain faces. Nowhere is this challenge clearer than in relation to home ownership and wider wealth accumulation for today’s younger generation, so the future flow of assets down generations appears an … Continued

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As good as it gets? The adequacy of retirement income for current and future generations of pensioners

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Intergenerational Commission, Tax and Welfare

Recent strong growth in the incomes of pensioner households and reductions in pensioner poverty are to be welcomed. But set against much weaker incomes for working age households and the challenges younger generations are facing in accumulating wealth, anxiety is building that these outcomes may not be sustained for future generations of retirees. Their prospects … Continued

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Universal Remedy: ensuring Universal Credit is fit for purpose

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Tax and Welfare

This Autumn marks the point at which the full Universal Credit system – serving all types of cases, rather than just the simplest ones that have dominated to date (the early rollout of UC focussed on the unemployment but not the more complex cases involving children, housing or disability) – is finally being put into … Continued

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The pay deficit: measuring the effect of pension deficit payments on workers’ wages

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Jobs, Skills and Pay, Intergenerational Commission, Tax and Welfare

Across the UK economy, the share of overall employee compensation accounted for by non-wage elements such as employer pension contributions has increased substantially since 2000. This increase was driven in no small part by increased payments by employers to plug defined benefit deficits and coincided with a marked pre-crisis slowdown in pay growth, causing speculation … Continued

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Still just about managing? Pre-election briefing on the main political parties’ welfare policies

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Tax and Welfare

Our pre-election series of briefing notes have so far centred on the main parties’ approaches to deficit reduction and to tax. To complete the fiscal ‘set’ we must also consider their take on welfare. This note explores future welfare challenges for an incoming government and examines the extent to which the differing party commitments might … Continued

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