Social care
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Tax

A caring tax rise?

The impacts of a potential increase in National Insurance

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The Government intends to increase social care spending and is considering its options, having delayed a decision until the Autumn. They are 100 per cent right to do so. One option under consideration is raising National Insurance to make that possible. They are 100 per cent wrong to do so – because the far superior … Continued

Improving our understanding of UK poverty will require better data

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Policy makers across the political spectrum want to improve the living standards of the UK’s poorer households. The Leader of the House of Commons recently stated that “We are committed to our manifesto pledge to reduce child poverty”, while the last Labour manifesto pledged to “eradicate in-work poverty”. So statistics about poverty matter. We need … Continued

Unhealthy finances

How to support the economy today and repair the public finances tomorrow

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This report provides analysis of the dual challenges faced by the government: ensuring that there is sufficient fiscal support through the crisis and recovery, and setting fiscal policy on a sustainable long-term path. Some argue it is unsustainable to provide the massive government support during the crisis, while others see little constraint on government borrowing … Continued

Death by £1000 cuts?

The history, economics and politics of cutting benefits for millions of households next April

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The first Conservative Conference of a new parliament begins. It comes on the back of a surprisingly emphatic election win, but with rumblings beginning about the Chancellor’s plan to take £1,000 away from millions of low-income households in just six months’ time. At that conference it is George Osborne, not Rishi Sunak, that gets up … Continued

The Winter (Economy Plan) is coming

Chancellor ramps economic support back up, but avoidable design flaws will limit its success in stemming the Autumn rise in unemployment

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Economic policy yesterday caught back up with the ramping back up of social distancing restrictions by the Prime Minister earlier in the week. The Chancellor rightly announced new measures rather than sticking to plans to phase out help for workers and firms.   His most significant policy was the Job Support Scheme (JSS), an extended, … Continued

Rounding up

Putting the 2019 Spending Round into context

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In his September 2019 Spending Round the Chancellor rightly declared he was “turning the page” on austerity and “writing a new chapter in our public services”. But he has also ripped up his own fiscal rulebook, almost certainly breaking the fiscal ‘mandate’ in the near-term and casting significant doubt over his ability to keep debt falling as a share of GDP over the coming years.

The Living Standards Outlook 2019

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Detailed data about household incomes comes with a considerable lag, and the UK’s main economic forecasts only tell us about averages. Our second dedicated Living Standards Outlook combines survey data, economic forecasts, the government’s tax and benefit policies, and more, to project household income growth for different groups.

Passing on: options for reforming inheritance taxation

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Inheritances are growing rapidly in importance at the same time as fiscal pressures mount. But the current inheritance tax system manages to raise relatively little while also being especially unpopular. This paper proposes a Lifetime Receipts Tax that would address Inheritance Tax’s problems while also raising more revenue and encouraging individuals to spread their wealth more widely.

Home Affront: housing across the generations

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In this, our 9th report for the Intergenerational Commission, we take on the hugely important topic of housing. We compare the housing outcomes achieved by different generations over the life course and assess the extent to which intergenerational inequalities exist when it comes to security, to affordability and to quality. We explore how the housing … Continued

Diverse outcomes: living standards by ethnicity

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This briefing note looks at how typical household incomes have differed by ethnicity, given that around one fifth of the population self-report their ethnicity as something other than White British. While not an attempt to offer comprehensive analysis, we also explore some of the causes, including differences in the labour market, pointing to the need for further work.

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