Much of lifetime healthcare spending is concentrated at the end of life. This paper uses survey data linked to administrative hospital and mortality records to examine how the pattern of end-of-life hospital inpatient spending varies across different groups within a large public hospital system in England.
Frozen thresholds in our tax system "are effectively hidden annual tax rises", writes Paul Johnson. These add up over time "and result in often-hidden changes to the nature of the tax system."
Our new PM and Chancellor have pledged big spending increases before they know the shape and cost of Brexit. "We really should be consigning austerity to history, but we are in danger of talking our way into another dose of it", writes Paul Johnson.
Boris Johnson and Jeremy Hunt have clashed in an ITV debate during which both candidates made several claims on Brexit, a no-deal and future tax policy. The independent fact-checking charity Full Fact, the Institute for Government and the Institute for Fiscal Studies have examined the answers provided by the two men hoping to become the next prime minister.
A policy of forward guidance has been suggested either as a form of commitment (“Odyssean”) or as a way of conveying information to the public (“Delphic”).
It's likely we will have a new Chancellor by the end of this week. What would their officials want them to know once they've walked through the door of No 11?
In a bid to become the next prime minister, both Boris Johnson and Jeremy Hunt say they plan to increase the point at which people start paying National Insurance Contributions (NICs). This move would make the UK’s tax system even more different to those in most other developed countries in two ways.
The UK raised 35% of national income in tax in 2018–19. Figure 1 shows that tax as a share of national income has fluctuated between around 30% and 35% of national income since the end of the second world war and been rising since the early 1990s. Tax revenues are now, just, higher as a share of national income than at any point since the late 1960s.
Individuals may be poor even if their household is not poor, because the intra-household distribution of resources may be unequal. We develop a model wherein the resource share of each person in a collective household - defined as their share of household consumption - may be estimated by simple linear regressions using off-the-shelf consumer expenditure micro-data.
