Meg Davies

Media @jrf_uk. Views own.

[Ben Zaranko @BenZaranko]

People report the highest levels of economic insecurity in mid-life, as they get squeezed by mortgage and childcare costs.

New research from @ProfJaneGreen et al shows how insecurity can become a trap: financial setback -> less saving -> less able to absorb future setbacks.

[Alfie Stirling @alfie_stirling]

When pay runs out before the end of the week, it's irrelevant whether the next thing you need costs 50p or £50.

Before getting in an arithmetic tangle over 50p>0, pause instead on what you would do if one week you had to choose between feeding your kids or brushing their teeth.

[Joseph Rowntree Foundation @jrf_uk]

With interim findings published this morning, The Milburn Review, is right to sound the alarm about rising numbers of young people out of work or education.

This should concern all of us. It reflects deep, structural challenges - not a short-term blip. 🧵

[Joseph Rowntree Foundation @jrf_uk]

The Chancellor @RachelReevesMP just set out plans to support households over the summer.

It's right that the Govt is thinking about ways to help families with the cost of living, including steps to reduce the cost of food and transport, but families need to feel more secure 🧵

[Joseph Rowntree Foundation @jrf_uk]

🚨 NEW!

Our report out today concludes rent controls can ease the pressure on renters, without jeopardising the private rented sector. A rent control could:

- Make renters nearly £1200 a year better off by 2030
- Reduce the housing benefit bill by £600m

Here's how 👇

[The Autonomy Institute @Autonomy_Inst]

You can get an exclusive preview of @Autonomy_Inst & @jrf_uk research (out this Thursday) into booming landlord returns over the last decade – along with the scope for new rent controls – via @Victoria_Spratt's newsletter for the @theipaper 👇

https://t.co/zaKbb1nsdF

[Centre for the Analysis of Taxation @CenTaxUK]

Today’s #Budget was an opportunity to tackle tax reform head-on rather than yet more rate tinkering. Some of the Chancellor’s announcements are a small step in that direction. But they are less a ‘smorgasbord’, more a series of nibbles. 🧵

[Centre for the Analysis of Taxation @CenTaxUK]

CenTax Directors @Summers_AD and @arunadvaniecon have written in today's @Telegraph on how the tax system is holding back growth and the seven reforms that are backed by experts across the political spectrum 👇

https://t.co/zYuaJmBgHu

[Sam Dumitriu @Sam_Dumitriu]

Important paper.

Our tax system is such a mess that there's broad agreement from the @ASI to the @NEF on how to make it fairer, simpler, and more efficient.

If Reeves did this at the Budget, she'd go down as one of our greatest Chancellors.

https://t.co/o1P4eJyPFE

[Meg Davies @megldavies]

Among all the talk of tax rises, it’s important not to forget about tax reform.

Exciting proposals in ‘Tax Reforms for Growth’ from @CenTaxUK and beyond 👇

[Centre for the Analysis of Taxation @CenTaxUK]

🚨 NEW🚨

We’re really excited to launch ‘Tax Reforms for Growth’ today along with experts from across the political spectrum.

Consensus on tax policy is rare, but we have a joint plan for fair, pro-growth tax reform in the UK🧵

https://t.co/SDgfBeg2Jj

[Robert Colvile @rcolvile]

Everyone's talking about tax rises - but what about tax fixes? In a pretty unusual intervention, @CPSThinkTank has teamed up with @CenTaxUK, @ASI, @IPPR, @NEF, @jrf_uk, @WeAreBrightBlue, @LabourTogether & @DanNeidle to argue for sweeping, pro-growth tax reform & simplification.

[Centre for the Analysis of Taxation @CenTaxUK]

"There is no reason partners should pay less tax than similarly highly paid employees and business owners."

CenTax Director @arunadvaniecon is quoted in today's @thetimes front page piece on rumoured reforms to the taxation of partnership income 👇

https://t.co/GJfwiVP3TN

[Treasury Committee @CommonsTreasury]

In a recent session, Director of @centaxUK, Professor Arun Advani, told us that potential foreign investors are put off from moving to the UK due to current tax rules 👇

[Centre for the Analysis of Taxation @CenTaxUK]

Thank you to everyone who came to our panel with @IPPR at #LPC25 this week!

Our Director @Summers_AD provided some good news: "the tax system is so badly designed that there are lots of opportunities to both raise revenue and increase economic efficiency."

[Centre for the Analysis of Taxation @CenTaxUK]

You can watch our panel with @CPSThinkTank here 👇

[CIOT @CIOTNews]

You can watch a recording of our @UKLabour conference fringe event featuring @HattonLloyd @gemmatetlow @arunadvaniecon or read our write-up of the discussion over on our website #Lab25

https://t.co/jb8Yrp5Gpc

[Centre for the Analysis of Taxation @CenTaxUK]

Director @arunadvaniecon on the absurdity of the £100k ‘tax trap’ at our panel with @CPSThinkTank:

“It's a real cost that people who are smart, doing well and could be earning even higher incomes & paying even more tax are reducing their hours or not taking that promotion”👇

[Centre for the Analysis of Taxation @CenTaxUK]

The headline rate of Inheritance Tax (IHT) is 40%. So why do a quarter of estates worth over £10million pay less than 9%?

Our new report explores the reasons for this variation, and the reforms that could make the policy fairer 🧵

https://t.co/zmzGFqgpeU
#TaxTwitter #Budget2024

[Invest in Britain @Invest_Britain]

Bond investors understand the clear distinction between reckless unfunded tax cuts and growth-enhancing investment.

Goldman Sachs' former chief economist Lord Jim O'Neill spoke to @BBCPM explaining why financial markets would welcome more borrowing for public investment.

[Invest in Britain @Invest_Britain]

Britain faces a pivotal moment.

Our infrastructure is creaking, public services are collapsing, and we are falling behind other countries in the race to decarbonise.

We can’t afford another lost decade. We need to start investing in the future.