Yesterday, MPs voted to approve raising employees’ National Insurance Contributions (NICs) by 1.25 percentage points, breaking a key manifesto promise not to raise taxes. While the government marketed the rise as “progressive”, in reality it is an intergenerationally unfair tax reform which will affect younger generations the most. Lizzie Simpson, IF Researcher, explains. A regressive… Read more »
Category: Taxation
Why we need to teach young people about tax
In this article for the Intergenerational Foundation, Carla Hoppe, Founder of Rethink Tax, explains why we need to talk to young people about tax, and how changes to our tax system could further the cause of intergenerational equality. “… Even just 10 minutes, just 10 minutes!” Comedian Tom Allen made the crowd at Live at… Read more »
National insurance, intergenerational fairness and paying for social care
Robert Ashton looks at how National Insurance could be changed for the better, raising more money to pay for social care without penalising younger generations, many of whom are already paying a greater part of their incomes than previous generations on high rents and student loan repayments. How can we make National Insurance work better… Read more »
The need to create a new property tax deal that benefits younger generations
In this contribution to IF’s Worldwide Blog Week, Andrew Dixon, Founder of Fairer Share, a UK-based property taxation campaign group, argues that now, more than ever, we need a new property tax deal that benefits younger generations Housing is an essential tool for achieving intergenerational fairness. However, it is clear that young people hoping to… Read more »
Generation Covid: how can we build back better and fairer across generations?
In this article, Tan Suee Chieh, Immediate Past-President of the Institute and Faculty of Actuaries, explains how young people globally could become a “lost generation” unless policy shifts towards prioritising the long term. During a war it is usually the young who are sent to do the fighting. If you view the pandemic as a… Read more »
The wretched ratchet of the triple lock on the state pension
Angus Hanton, IF Co-founder, explains why reform of the triple lock on the state pension must be implemented on intergenerational fairness grounds.
Planning reforms welcome but existing housing stock should be better used
The government’s planning reforms were largely welcomed by the housing sector but how we use our existing housing stock should also be part of any reform, if we really care about sustainable housing. Liz Emerson, IF Co-founder, explains
How could the government reform inheritance tax to increase intergenerational fairness?
The All-Party Parliamentary Group on Inheritance and Intergenerational Fairness recently launched its final set of recommendations on how inheritance tax needs to be reformed to reduce intergenerational inequality. David Kingman provides a brief guide to their proposals
How intergenerationally fair is raising Council Tax?
Recent research suggests that most local authorities in England and Wales will be imposing large Council Tax increases this year in order to address shortfalls in their budgets. David Kingman looks at what implications this could have for intergenerational fairness
Spring Budget 2017: No long-term solution for problems facing adult social care
David Kingman reports on what the recent Budget did and didn’t contain in relation to adult social care – and why there are few reasons for optimism