QEC Special Article

Budget 2019: tax and welfare changes

This QEC Special Article was subject to refereeing prior to publication. The authors are solely responsible for the content and the views expressed.

December 11, 2018
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The research finds that tax and benefit changes in Budget 2019 will, on average, reduce households’ disposable income by 0.7% compared to a neutral benchmark where tax credits, thresholds and maximum benefit payments rise in line with forecast wage growth.