The Platinum Jubilee generation – those born as the Queen came to the throne – turn 70 this year. How have their lives changed during the Queen’s reign?
We shed light on the issue that ‘deferred’ pensions that people no longer contribute to might provide declining value for money over time if people do not engage with them.
As part of this year’s Festival of Social Science, IFS delivered a public economic talk on "Why are pensions important?" aimed at A-level and undergraduate students who have an interest in economics or might want to pursue a career in public policy research.
This article asks when a wealth tax would in principle be a desirable part of the tax system, setting aside the practicalities and politics that would be crucial in reality.
We show that wealth inequality in the UK is high and has increased slightly over the past decade as financial asset prices have increased in the wake of the financial crisis.
In this paper, we model the revenue that could be raised from an annual and a one-off wealth tax of the design recommended by Advani, Chamberlain and Summers in the Wealth Tax Commission's Final Report (2020).
Dame Angela Eagle MP and leading experts in tax discussed whether the UK should make more use of taxes on wealth. Even if the overall tax take doesn’t rise, should more be raised from wealth for distributional reasons? And, if we are to tax wealth more, should this be achieved by reforming current taxes, such as those on property, capital gains and inheritances?
At this event, IFS researchers presented the key findings from their latest report on "Why do wealthy parents have wealthy children?", funded by the Economic and Social Research Council.
