Tax The coming tax reshuffle: winners and losers 20 November 2023 by Torsten Bell and Adam Corlett and Lalitha Try Last week, the Prime Minister carried out a major Cabinet reshuffle, aiming for a political reset as the election run-in builds up steam. This week, the Chancellor is doing his bit towards the same goal, with a major tax reshuffle – adding tax cuts to the tax rises already in train – on the cards … Continued READ MORE
Living standards· Inequality & poverty Growing inequality across Britain has left millions of families exposed to the cost-of-living crisis 25 January 2023 by Lalitha Try Today, the Office for National Statistics (ONS) published their data on household incomes and inequality for 2021-22; this is the first source of official data on household incomes for that year. 2021-22 was an eventful year. It began with the UK emerging out of major restrictions on everyday life, but by October 2021, all Covid-19 … Continued READ MORE
Welfare A cut to benefits would batter millions of households Liz Truss’s threats of a real-terms cut would ramp up inequality and hamper growth 10 October 2022 by Lalitha Try The chancellor’s mini-budget has spooked the markets, stoked a rise in interest rates, and now caused a full-blown and very public cabinet row over whether to cut benefits for millions of working-age families. Some ministers are urging the prime minister to press ahead with the cut and end Britain’s “Benefit Street culture”, while others have spoken out … Continued READ MORE
