Tax and cost of living

The Centre for Policy Studies wants Britain to have a tax system that is simple, fair, and pro-growth. And although there have been some encouraging moves on tax policy in recent years – the corporation tax rate has gone down, the personal allowance has gone up, and savers have benefited from more generous ISAs – there is still a lot of work to be done.

We have an income tax system that is riddled with punitive marginal rates and perverse incentives that discourage work and enterprise. We have heavy property taxes that distort markets and contribute to a growing housing crisis. And we tax businesses in a way that does little to promote long-term investment. Above all, we have a tax burden that stands at its highest level in decades, and a tax code that is – at least by some measures – the longest in the world.

If we’re going to rise to the economic challenges of the 21st Century, this has to change. We need tax reform that puts more money in people’s pockets, and promotes robust, sustainable growth. At the Centre for Policy Studies, our aim is to design tax policies that meet these objectives in a practical, popular way – and which are rooted in our core principles of enterprise, opportunity, and ownership.

Our economic agenda is not confined to tax reform, however. Alongside projects looking at housing, welfare, and business policy, the Centre for Policy Studies is working on ideas to lower the cost of living – not through heavy-handed state intervention, but with reforms that make markets more competitive and ensure that consumer interests always come first.

The salience of this issue should not be underestimated. Our “New Generation” polling asked people what government could do to make their own lives better, and across the age spectrum, “do more to keep down the cost of living” was a clear winner. Those aged 18–24 ranked it just behind “more affordable housing”, and those over 65 put it second behind “better health service provision”. But every other age group made lower living costs their number one priority.

Finding realistic ways to make British life more affordable is therefore a central focus of the Centre for Policy Studies’ work.

Page: <<<23[4]56 >>>

49 - 64 of 248 Research articles

The Enterprise Right to Buy

Tim Knox - Economy

The Government should extend Right to Buy to commercial tenants. This could increase development and help reduce the deficit.

How to Privatise the High Street

Dominic Nutt - Economy

The Government should enhance Business Improvement Districts and support locally-lead regeneration of Britain’s streets.

A First Steps Budget

Tim Knox - Economy

“For spoilers ahead of the Autumn Statement later this year, you could do worse than to look at anything coming out from the Centre for Policy Studies”

The Workplace ISA and the ISA Pension

Michael Johnson - Economy

Introduce a Workplace ISA and ISA Pensions and reduce the deficit by up to £10 billion per year.

The Case for an Office for Inter-generational Responsibility

Michael Johnson - Economy

Michael Johnson responds to the OBR’s latest annual Fiscal Sustainability report, warning that UK debt is snowballing with frightening momentum – and it is the young who will be hit hardest.

How to cut Inheritance Tax

Adam Memon - Economy

Make inheritance tax fairer by simplifying the system with a broader base and lower rate, and eliminating many of the existing inefficient tax reliefs.

Who will care for Generation Y?

Michael Johnson - Economy

Michael Johnson warns that Generation Y could be the first generation to experience a quality of life below that of its (baby boomer) parents.

A Suggestion for the Housing and Planning Minister

Keith Boyfield - Economy

Keith Boyfield and Daniel Greenberg urge Brandon Lewis to seize the opportunity of a new Government to tackle Britain’s housing shortage.

Some suggestions for the new pensions minister

Michael Johnson - Economy

Pensions analyst Michael Johnson urges new pensions minister Ros Altmann to continue with the bold reforms that her predecessor began.

Unleashing the Sharing Economy

Tim Knox - Economy

The Government should go further and faster to promote the Sharing Economy.

Competition can Crush Crony Corporatism

Tim Knox - Economy

Urgent policy reform is needed to reclaim popular capitalism from crony corporatists.

Is Public Borrowing Justified if for Investment Only?

Nicos Zafiris - Economy

The idea has received renewed interest in the current election campaign and in the context of the ongoing deficit/debt reduction debate. But is it right?

A Tax on Business is a Tax on Jobs

Tim Knox - Economy

The level of business taxation is critical because it directly affects investment, employment and ultimately the prosperity of a nation.

Britain is Taxed Enough Already

Tim Knox - Economy

Higher taxes are not the solution to the challenges facing the UK economy.

Auto-protection at 55

Michael Johnson - Economy

Leading pensions expert Michael Johnson urges the Government to implement radical reform in order to avoid an impending crisis.

The Shrinking Case for a Mansion Tax

Lucian Cook - Economy

Any case for a Mansion Tax is now redundant as recent tax reforms have significantly increased the tax burden on higher value properties.

Page: <<<23[4]56 >>>

49 - 64 of 248 Research articles