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.
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.
A tax cut that helps high income households more than it helps low income households will not help solve inequality. It seems odd that this needs to be said, but judging from newspaper articles and think tank reports from the last week not everyone has grasped this basic truth.
Yesterday George Osborne announced a new form of saving designed to help young people save for their retirement. This was called the Lifetime ISA.