War and peace – David Willetts reviews two of the latest books on Intergenerational equity for the Financial Times

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Intergenerational Centre

Class used to predict how people would vote in Britain and elsewhere — in 1974 if you were a member of the working class you were three times more likely to vote Labour than Conservative. Now the distribution of votes by class in the UK is almost even between Labour and Conservative: the new divide … Continued

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Wrong time, wrong place – leaving education in the middle of a downturn

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Intergenerational Centre

Modern economies are supposed to deliver improving living standards – incrementally year-on-year, with big gains decade-on-decade. That is why it is so shocking that a 30-year-old today earns no more than a 30-year-old a decade ago, according to previous research by the Resolution Foundation’s Intergenerational Commission. This is an earnings freeze on a scale unprecedented … Continued

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More ambition, less risk – building on the success of auto-enrolment

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Housing, Wealth and Debt, Intergenerational Centre

We often find it harder to celebrate policy successes than decry policy failures. So you might have missed a policy success which we are marking this week. We are about to have completed the successful initial rolling-out of automatic enrolment into occupational pension saving. Millions of employees will enjoy higher living standards in retirement as … Continued

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Britain is set to replace the era of austerity with a new era of tax rises

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Intergenerational Centre, Tax and Welfare

The main message that has united both main party conferences over the last fortnight is that the era of austerity is over. For Labour that means more spending on new things – from universal childcare to a mass programme of nationalisation. And for many Conservatives it means a return to what they love doing best … Continued

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Introducing….Hamilton – The Industrial Strategy

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Jobs, Skills and Pay

Today’s science speech by the Prime Minister shows how much she has in common with the great Alexander Hamilton – though she has not got her own musical yet. Hamilton’s great rival Jefferson had a picture of America as sturdy yeoman farmers enjoying their liberties under a minimalist Government. Hamilton instead saw the Federal Government … Continued

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Baby boomers are going to have to pay more tax on their wealth to fund health and social care

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Intergenerational Centre, Tax and Welfare

In the past decade a new issue has entered British politics – fairness between the generations. It straddles the conventional political divide. The Prime Minister has spoken of “a growing divide between a more prosperous older generation and a struggling younger generation”. And the leader of the Labour Party has argued that future generations should … Continued

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