We can’t (tax) cut our way out of the tax credit problem

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Tax and Welfare

When it comes to this April’s tax credit cuts we’re now swiftly approaching t‎he point where everyone accepts there is a problem, and starts to ask the real question – what is the solution? ‎ Forthcoming work from the Resolution Foundation will look at the issue in detail, but it’s worth sketching out the parameters … Continued

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How much wriggle room will the Chancellor have in the July Budget?

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Public Finances and the Economy

After the flow of easy pre-election promises, here come the hard choices of government. As George Osborne approaches his ‘emergency Budget’ attention will turn to what room for manoeuvre he really has given all the commitments that have been made. How will it all add up and is there a version of austerity that might … Continued

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How far apart are Labour and the Lib Dems on fiscal policy?

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Public Finances and the Economy

If they did a deal what might it look like: an end to austerity? Five weeks to go to polling day and it’s clear that the media, and perhaps the public, aren’t getting the answers they’d like to some of the fiscal questions the next government will have to address. What we’ve termed the candour … Continued

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Could Labour and the Liberal Democrats agree on deficit reduction and spending cuts?

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Tax and Welfare

At first glance How much of a difference is there between Labour and the Liberal Democrats on fiscal policy (we’ll consider the gap between other parties in future briefings)? Labour’s policy is to get “the current budget into surplus and national debt falling as soon as possible within the next Parliament” – ‘current’ meaning excluding … Continued

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