Tag Archives: United Kingdom

Institute for Fiscal Studies

The Institute for Fiscal Studies has published Universal Credit: A Preliminary Analysis. Their researchers write: ‘Our empirical analysis in Sections 4 and 5 illustrates well the constraints all governments face when contemplating radical welfare reform. Universal Credit will strengthen financial work incentives for some, as intended, but weaken them for others. In general, incentives to work will be strengthened for

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UNITED KINGDOM: New government scrapes the child trust fund

The new Conservative/Liberal-Democratic coalition government of Great Britain has announced that it will rescind the one step in the direction of a universal basic income made by the previous Labour government. In 2002, the Labour government created “the Child Trust Fund” which gave each child born in Britain that year a 250GBP plus another 250GBP when reaching ate 7. The

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