Once again, tax is in the news. A fierce debate is raging about the wisdom of the 50 per cent top rate of income tax, while the Coalition government is committed to raising the income tax personal allowance to £10,000.
This paper considers the arguments for three specific proposals for reforming the personal tax system. It assesses both the economic basis for these proposals and the extent to which they could promote greater social justice by contributing to a more progressive tax system.
Snakes and ladders: Tackling precarity in social security and employment supportAcross the country, people are trying to make ends meet, build financial security and pursue their aspirations. But, in a vicious cycle of snakes and ladders, many are being pulled down into poverty.
Making markets: The City's role in industrial strategyTo tackle climate change, we need a significant increase in public and private capital investment.
Broken hearted: A spotlight paper on cardiovascular diseaseProgress on cardiovascular disease was a significant driver of better health and prosperity in the latter half of the 20th century, however progress has recently stalled – with indications it may be in reverse.