Whatever chancellor George Osborne does next on tax credits he should set it out as clearly as possible - City AM

Writing for City AM, Jonathan Isaby said:

If we had the luxury of starting from first principles then politicians could have been truly ambitious and looked at the welfare system more fundamentally. Iain Duncan Smith has championed Universal Credit, which is indeed a far-ranging reform, but in 2010, the TaxPayers’ Alliance recommended an even bolder proposal with a form of Negative Income Tax, which would taper away at a constant rate as earnings increase. This week the Adam Smith Institute released a paper calling for a similar system.

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Whatever chancellor George Osborne does next on tax credits he should set it out as clearly as possible - City AM
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