Welfare Reform: Tax Credits .In 2003 the UK government will introduce two major new welfare reforms: an Integrated Child Credit for families with children - which will act as a type of minimum income guarantee for children; and an employment tax credit - an in-work benefit designed to tackle in-work poverty. This paper assesses the proposals and concludes that: work incentives will generally increase, though second earners in some couples may be less well off in work; around 3.3 million families will receive a boost to their income; but that the impact on poverty will be small as poverty amongst families without children is concentrated amongst those not working full time and amongst the young, groups which will not be eligible for the new credit. "Credit Where It's Due?: An Assessment of the New Tax Credits", by Mike Brewer, Tom Clark and Michal Myck is published by the Institute for Fiscal Studies.
By Institute for Fiscal Studies. ,UK .
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Welfare & Social Security
Asset Based Welfare .The UK Government proposes to introduce a Child Trust Fund - a lump sum payment for each child at birth invested and locked away until adulthood, and a Savings Gateway - a savings account for those on low incomes where savings will be matched with government contributions. This paper provides a critique of the proposals: arguing that the aims of the Child Trust Fund are confused, that many of the target group for the Savings Gateway have very good reasons for not saving, and the scheme will suffer from a high degree of deadweight as people with existing savings move their money into the matching accounts. By Carl Emmerson and Matthew Wakefield of the Institute for Fiscal Studies. UK
By Institute for Fiscal Studies. , UK .
Housing Benefit Reform .The UK has a complicated system of benefits for housing payments. While demand-side subsidies these are of great assistance in making housing affordable for those on low incomes they also create poverty and unemployment traps as people seek to move into work or work longer hours. In "Hope for Housing Benefit" Daniel Brewer from Pivot sets out a four year programme for gradually reforming the Housing Benefit system published by Pivot
By Pivot. , UK .
Monitoring Poverty and Social Exclusion.This report shows the progress of the UK government in tackling poverty and social exclusion across a range of fronts. While much has been achieved in reducing income poverty and burglaries, much more remains to be done on measures such as homelessness. "Monitoring Poverty and Social Exclusion" by Guy Palmer, Mohibur Rahman and Peter Kenway - published by the New Policy Institute / Joseph Rowntree Foundation.