Tax and Social Security
While the UK's benefits system is progressive, our tax system places a disproportionately heavy burden on the poorest when compared to the richest, exacerbating the UK's already extreme levels of inequality.
Yesterday’s Panama Papers leak exposed the huge scale of tax avoidance and evasion among the world’s rich and powerful. It is a timely reminder of the vast inequalities that exist between the richest and the rest of us.
Today’s joint Autumn Statement and Spending Review was touted as one of the most important in years. Planned cuts to tax credits announced in the Budget had led to a series of dire predictions for those on low incomes, and numerous negative headlines.
Narrowest Shoulders, Greatest Burden - Why welfare for the out of work is essential for tackling inequality
One of the key elements of the Full Employment and Welfare Benefits Bill announced in the Queen’s Speech is the government’s plan to reduce the current household benefit cap of £26,000 to £23,000.
Things look ominous.
In the weeks leading up to any Budget, it’s inevitable that policy proposals will be floated, leaked and lobbied for. Amidst the subterfuge and political manoeuvrings, it’s not always easy to separate the possible from the probable.
As readers may be aware the government is busy preparing to cut £12bn from the social security budget.
The Institute for Government, Institute for Fiscal Studies (IFS) and Chartered Institute of Taxation have recently begun a new project to improve the process around budgets and tax policy making.
We often hear that work is the best route out of poverty. If people are just willing to get up every day and put in a few more hours at work, then they can move up and 'get on'. But the reality for many is quite different.