Andrew Hood

Andrew Hood

Senior Research Economist

Education:

MSc Economics (Distinction), University College London, 2015 

BA Philosophy, Politics and Economics (1st Class), University of Oxford, 2012

 

ORCID: 0000-0003-3148-8646

Andrew joined the IFS in 2012 and works in the Income, Work and Welfare sector. His current work includes analysis of the effect of taxes and benefits on the income distribution, and investigating the role of inheritances in explaining inequalities in consumption and wealth. 

 

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Significant cuts to two parts of the benefit system to be phased in from next week

| Observations

Next week will see the introduction of significant cuts to the generosity of two parts of the working-age benefits system. These will affect some new recipients of employment and support allowance, and any family receiving tax credits or universal credit who has either a newly born first child or a newly born third or subsequent child. The restriction to new claims or new births means that the changes will not result in existing claimants seeing their benefit income fall. But in the long run, these are substantial cuts: together they are expected to reduce government spending by over £5 billion a year in the long run. This observation discusses these changes.

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