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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Home affairs: options for reforming property taxation

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Intergenerational Commission, Tax and Welfare

Over the past 18 months, research for the Intergenerational Commission has illustrated how the assumption that each generation will do better than the one before it is under pressure. This paper is one of a series that moves beyond the diagnosis of these problems to consider what action is needed to address generational living standards … Continued

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The million dollar be-question: inheritances, gifts, and their implications for generational living standards

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Intergenerational Commission, Tax and Welfare

This report assesses the role that intergenerational family transfers – inheritances and gifts – will play in addressing the generational living standards challenge that Britain faces. Nowhere is this challenge clearer than in relation to home ownership and wider wealth accumulation for today’s younger generation, so the future flow of assets down generations appears an … 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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A Budget for intergenerational fairness?

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Public Finances and the Economy, Intergenerational Commission

Beyond facing down expected economic downgrades and clarifying the direction on Brexit, resetting the agenda on intergenerational fairness has emerged as a top priority for the Chancellor in this month’s Budget. This focus reflects a growing body of evidence showing that generation-on-generation living standards progress is under threat for today’s young adults – as analysis … Continued

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Consuming forces: generational living standards measured through household consumption

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Incomes and Inequality, Intergenerational Commission

This report, which has been prepared by the Centre for Research in Social Policy at Loughborough University and the Resolution Foundation for the Intergenerational Commission, sheds further light on living standards across generations by considering levels and patterns of expenditure for working-age households in detail. It uses surveys of household spending to explore how actual … Continued

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