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This Briefing Note is intended to provide background to the Chancellor's Budget on 21 March 2012. It first gives an overview of the tax and benefit reforms currently planned for the coming financial year and their likely impact on household incomes. It then considers the outlook for household incomes in the near future more broadly, given current macroeconomic forecasts of variables such as employment and earnings as well as planned tax and benefit policy.
Authors
Deputy Director
Robert is a Deputy Director. His work focuses on primarily on the labour market, income and wealth inequality, and the design of the welfare system.
Report details
- DOI
- 10.1920/bn.ifs.2012.00126
- Publisher
- IFS
Suggested citation
Joyce, R. (2012). Tax and benefit reforms due in 2012-13, and the outlook for household incomes. London: IFS. Available at: https://ifs.org.uk/publications/tax-and-benefit-reforms-due-2012-13-and-outlook-household-incomes (accessed: 29 March 2024).
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