Back in Credit? Universal Credit after Budget 2018

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Tax and Welfare

This briefing note focuses on the implications of recent changes to Universal Credit (UC) – in particular the £1,000 increase in work allowances announced in Budget 2018 – for the number of winners and losers from the switch to this new benefit system, for UC’s generosity and for its impact on work incentives.   Key … Continued

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The benefits of moving: Managing the transition of existing claimants to Universal Credit

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Tax and Welfare

The long implementation of Universal Credit (UC) has been far from smooth and we’ve become all too used to negative stories about roll-out delays and, more seriously, payment problems and financial hardship for those accessing the new system. The government, however, is likely to have been cheered at least by the fact that the roll-out … Continued

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The Living Standards Outlook 2018

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Incomes and Inequality

In this report, our first dedicated Living Standards Outlook, we explore the prospects for household incomes and inequalities over the next five years. Our annual Living Standards Audit, due to be published in the summer, will focus on historical trends in living standards. This report projects forwards the real spending power of typical households and the distribution … Continued

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A welfare generation: lifetime welfare transfers between generations

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Housing, Wealth and Debt, Intergenerational Commission

This research paper looks at what people put in and take out from the welfare state over their lifetime, updating John Hills’ seminal research on life-cycle welfare transfers between generations. It estimates the extent to which past and future cohorts contribute to the welfare state via taxation and withdraw from its core pillars – education, … 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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