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.
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.
A new report released today from the Work and Pensions Select Committee lays out the case for conducting a full review of sanctions in the UK’s benefit system.
Another Budget, another missed opportunity to address the dangerously high levels of inequality that exist in the UK today.
Today the Prime Minister will give a speech justifying a further reduction in the real value of tax credits.
Although the new Work and Pensions Secretary has stopped cuts to disability benefits he seems to be in lock-step with his predecessor in worrying that the benefit system
Earlier this week we launched our new report The Aspiration Tax: How our social security system holds back low-income families.