Asset-based welfare has represented a new policymaking frontier since 1997 - with a number of reforms introduced to enable increasing numbers of people to share in the benefits of asset ownership.
But short term saving incentives in the UK are still based on the regressive principle of tax relief. The biggest remaining challenge for asset-based welfare lies in rebalancing the short-term savings framework by developing the Savings Gateway, a matched-saving scheme targeted at those on low incomes, from its pilot status to a national scheme.
This report revisits the case for progressive saving incentives, and sets out a delivery model for a national Saving Gateway.
The executive summary is available to download below, and we also have an extract from chapter 2, The Criteria for Success, available to download free of charge.
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.