Under strain

Investigating trends in working-age disability and incapacity benefits

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The benefits bill is frequently the subject of intense political debate. But since the pandemic, working-age health-related benefits have moved centre-stage in these discussions, as policy makers aim to understand what sits behind the historical rise in claims, and to contain future pressures too. In this briefing note – part of our Election 2024 work … Continued

General Election 2024
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Housing
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Political parties and elections

Home truths

Putting housing policy in context for the 2024 general election

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The housing offers from both main parties for the 2024 general election are similar in many respects, suggesting that the ‘penny has dropped’ when it comes to boosting housing supply, supporting would-be homeowners, and improving the energy efficiency of our country’s housing stock. As well as a broad consensus forming around some housing policy areas, … Continued

General Election 2024
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Tax
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Welfare
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Political parties and elections

Growing for gold?

Analysing the tax and spend package of the 2024 Labour Manifesto

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In launching its manifesto, the Labour Party put the emphasis on efforts to boost growth. But more eye-catching were promises of some of the biggest changes to the labour market in a generation, with the aim of improving the quality of work. Proposals here included new employment rights, tougher labour-market enforcement, and an innovative approach … Continued

The economic battle lines of the general election

Analysing the Conservative and Labour party manifestos

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The manifestos are out; the serious wonk business can begin. If you haven’t had a chance to digest the fine detail of the parties’ manifestos, you’re in luck. We had a go for you. This spotlight parcels up the main takeaways. For reasons of length, we’re focusing on the main two parties, but obviously other … Continued

General Election 2024
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Universal Credit
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Welfare

Ratchets, retrenchment and reform

The social security system since 2010

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Spending on social security as a share of GDP has risen slightly since the financial crisis, but the system in Great Britain has undergone profound change over the same time. Large-scale structural reforms have fundamentally altered the system’s rules for working-age families, while working-age benefits have been both cut back and then not fully indexed … Continued

General Election 2024
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Tax
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Welfare
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Political parties and elections

The narrow path to NICs cuts

Analysing the tax and spend package of the 2024 Conservative Manifesto

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The launch of the Conservative manifesto is a big moment in this election campaign. The strategy here was clear: treble down on National Insurance (NI) rate cuts. The continued focus on NI is welcome, at least compared to the alternatives, and delivers significant cuts in tax for some, with the proposed 2p reduction delivering a … Continued

Life in the slow lane

Assessing the UK’s economic and trade performance since 2010

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This briefing note is the third output in a programme of outputs designed to put the upcoming UK general election in context, supported by the Nuffield Foundation. It looks at the performance of the UK economy and trade since 2010. The UK grew faster than other G7 economies in the first quarter of 2024 but, … Continued

Hiding in plain sight

The Government’s record on taxes and the challenges ahead

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In this briefing note – part of a programme of outputs supported by the Nuffield Foundation to put the upcoming UK general election in context – we consider some of the key tax questions for the 2024 general election and beyond. Has the government raised people’s taxes or lowered them? How different are the parties’ … Continued

An inherited problem

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There has been recent speculation that the Conservative Party might announce that they intend to abolish – or significantly reduce – Inheritance Tax (IHT) if re-elected. Calls for cutting or abolishing IHT are frequent, given the tax’s unpopularity – despite the fact that only a small minority of people will ever be likely to pay … Continued

Debt dramas

Putting the public finances in context ahead of general election 2024

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The public finances have already emerged as a key issue in this election. So, in this briefing note, we step back and ask how we got to where we are today, discuss where the public finances might be heading, and consider what this means for whoever forms the next government.

Under triple lock and key

What would a ‘triple-lock-plus’ policy look like?

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The Conservative Party has announced that, if re-elected, it intends to increase the personal allowance for pensioners in line with the triple lock – a policy which has been referred to as ‘triple lock plus’, or the ‘quadruple lock’. We’ve had a look at the costs and impacts of such a policy, and how it … Continued

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