Presentation given by Helen Miller at the IFS Spring 2021 pre-Budget event on the need for a plan regarding the transition from support to recovery measures.
Hancock is just the latest in a very long line to grasp for that illusion of control. One day, probably in a decade or so, one of his successors will be so burnt by the experience of attempting to achieve the impossible that another re-disorganisation will be visited upon a system still doing its best to deliver that healthcare to us all.
In this briefing note, we update and extend previous IFS analysis, to consider how employment, incomes, benefit claims and council tax payments have evolved over a longer period and have varied geographically, and draw out key implications for local government.
MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are low, around 11% on average.
By the time the pandemic is over, most children across the UK will have missed over half a year of normal, in-person schooling. This observation sets out the economic case for a massive national plan to address this crisis.
Remember, every time someone calls for more money for the NHS, or social care, or universal credit, as it seems just about everyone is nowadays, they are also implicitly calling for higher taxes in the long run. That’s a less exciting thing to call for. And these issues of tax design may be particularly unexciting. But bigger spending without better taxes will cost us much dearer than it should.
We study an extension of a treatment effect model in which an observed discrete classifier indicates which one of a set of counterfactual processes occurs, each of which may result in the realization of several endogenous outcomes.
Aligning tax rates between employees and the self-employed would reduce inequity while encouraging entrepreneurial risk-taking, says Stuart Adam, senior research economist at the Institute for Fiscal Studies.
This short briefing note sets out what we know about those excluded from the government's Self-Employment Income Support Scheme and what options the government has for extending it to them.
This paper measures the impact of the COVID-19 (coronavirus) crisis and the resulting lockdown on formal firms in Honduras, using monthly value-added tax records for January 2018 to August 2020.
At this event we discussed findings from a new report, funded by the Nuffield Foundation, which sets out the problems with the current tax treatment of business owners’ incomes and investment and discusses how the government could take practical steps towards fixing them.
