eprintid: 14869
rev_number: 28
eprint_status: archive
userid: 600
dir: disk0/00/01/48/69
datestamp: 2009-07-31 16:30:37
lastmod: 2015-07-23 09:36:33
status_changed: 2009-07-31 16:30:37
type: report
metadata_visibility: show
item_issues_count: 0
creators_name: Brewer, M.
creators_name: Wakefield, M.
creators_id: MBREW29
creators_id: MJWAK40
title: Labour's proposals
ispublished: pub
subjects: 12000
divisions: F24
abstract: Election Briefing Note 5 shows how households have been affected by Labour's tax and benefit reforms. This Election Briefing Note discusses further tax-benefit reform that Labour proposes to introduce if re-elected. The first section discusses three "credits" the government is proposing to introduce - the integrated child credit, the pension credit and the employment tax credit. We analyse their likely effect on household incomes and how much each would cost to introduce.

The new credits represent developments of tax-benefit reforms implemented in the last Parliament, but Labour's manifesto also contains proposals for "asset-based" welfare, which would represent more of a new departure. In particular, the party plans to introduce two new policies - the Child Trust Fund and the Saving Gateway. Both are targeted towards low-income households and provide financial assistance in the form of assets. This method of asset-based welfare delivery contrasts with (and is intended to complement) the traditional approach of providing social security benefits as income supplements. Section 2 considers some of the arguments for and against the proposed new approach.

Finally, we consider Labour's approach to income tax.
date: 2001-05
publisher: Institute for Fiscal Studies
official_url: http://www.ifs.org.uk/publications/1737
vfaculties: VSHS
oa_status: green
language: eng
primo: open
primo_central: open_green
lyricists_name: Brewer, M
lyricists_name: Wakefield, M
lyricists_id: MBREW29
lyricists_id: MJWAK40
full_text_status: public
series: IFS Election Briefing Notes
number: EBN09
place_of_pub: London, UK
citation:        Brewer, M.;  Wakefield, M.;         (2001)    Labour's proposals.                    (IFS Election Briefing Notes  EBN09  ). Institute for Fiscal Studies: London, UK.       Green open access   
 
document_url: https://discovery.ucl.ac.uk/id/eprint/14869/1/14869.pdf