Robert Joyce: all content

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Labour’s proposed income tax rises for high-income individuals

Report

The Labour Party plans to increase income tax for individuals with annual taxable incomes over £80,000. Under the current system, income tax is payable on incomes above the personal allowance of £12,500 a year. The 40% higher rate becomes payable at £50,000, and the 45% additional rate kicks in at £150,000. Labour would introduce a new 45% income tax rate starting at £80,000 a year, and a new 50% rate starting at £125,000, from 2020–21.

20 November 2019

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The future path of minimum wages

Report

Minimum wages can play an important role in raising living standards, and have become an important part of a government’s toolkit in addressing low pay.

15 November 2019

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Inequality and the very rich: what do we know?

Event 5 November 2019 at 10:00 <p>Tothill Street, London, SW1H 9NQ</p>
At this event, speakers will set out what we know, and what we need to know, about the very rich in the UK. Using a mixture of data from household surveys and data from tax authorities, the speakers will look at trends in the share of national income that goes to very high earners, the characteristics of those at the top of the income distribution, the importance of income from capital gains, and what we know about wealth inequality.
Presentation graphic

Inequality and the very rich: what do we know?

Presentation

At this event, speaker set out what we know, and what we need to know, about the very rich in the UK. Using a mixture of data from household surveys and data from tax authorities, the speakers looked at various characteristics of those at the top of the income distribution.

5 November 2019

London skyscrapers

The characteristics and incomes of the top 1%

Report

The richest members of our society get a lot of attention. Much of the public conversation about economic inequality is concerned with, loosely, the top 1%, how different they are from the rest, how they got to where they are, and what – if anything – policy should do about it. This briefing note uses data from HMRC’s income tax records to document some key facts about the highest-income people in the country.

6 August 2019