United Kingdom - Fairness of tax and benefit reforms assessed - March 31, 2016

The Institute for fiscal studies has published an assessment of what has happened to living standards across the distribution and what has been the direct effect on incomes of tax and benefit policy. IFS formulated four conclusions. First, tax and benefit changes had little effect on pensioners and much bigger effects on those of working age, especially those with children. Second, as a result of various cuts to working age benefits, the measures led to significant losses for those of working age in the bottom half of the income distribution. Third, those from the middle of the distribution most of the way up (most people on average earnings and above, certainly up to £50,000 or so a year) saw very small changes in income, on average, as a direct result of tax and benefit policy. Finally the top decile, and in particular those on the very highest incomes, earning more than £100,000 a year, faced some tax increases.

English: http://www.ifs.org.uk/publications/8210

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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