Economics & Social Policy
By encouraging responsibility by individuals, government and business we believe that growth can be secured, public services improved and better outcomes delivered for families across the UK.
Taxing Jobs argues that because pay and productivity have remained strongly linked over the course of the recession, wages will begin to rise and productivity will improve as employers take on more staff. Providing a boost to the labour market in the form of a cut to the payroll tax for businesses would speed up the rate at which companies take on more staff. This would reduce unemployment more quickly and force employers to improve productivity and therefore pay among their workforces. Read more
Policy Exchange sets out a more compassionate, but stricter, regime for those breaching their welfare conditions. With as many as 68,000 people a year having their Jobseeker's Allowance unfairly withdrawn, we call for benefits to still be made available through a 'benefit card' for first time offenders to prevent unnecessary hardship. We also call for more stringent penalties for people who consistently break the terms of their job search requirements. Read more
Child Poverty Strategy adopts Policy Exchange proposals
Recommendations for helping lone parents into work from our Parenting Alone report have been taken forward in the government's draft Child Poverty Strategy. This will see additional support provided through Universal Credit so lone parents can keep more of their earnings before their benefits start being withdrawn, as well as bespoke employment support from JobCentre Plus. Read more
Money for Nothing
Money for Nothing argues that new fiscal rules should bind future governments to a spending envelope based on reducing the UK’s debt-GDP ratio to a sustainable level. The report highlights the scale of the challenge and argues that strict penalties must be put in place to ensure that politicians stay within the rules, including automatic nominal freezes to public sector pay, the state pension and benefit payments.