Low income workers are dealing with an effective tax rise as a result of the government’s decision to freeze the tax free allowance — according to new NEF analysis published this weekend. This feels like the same old story, those with the least are left to bear the burden of our broken economy, while the government does nothing to support people with the cost of living crisis. So it’s time for a new story: tax rises should be targeting the very wealthy, and the money raised should be used to ensure we all have enough to live a decent life.
The findings of the analysis were covered by the BBC.
Losing altitude New NEF research revealed that the boom in UK air travel has failed to lead to an increase in GDP or productivity, undermining the industry’s claims that airport expansion leads to economic growth.
The report was covered extensively in the Guardian.
Investing in early years education pays for itself High-quality early years education is one of the best investments a government can make, according to new NEF analysis. In particular it benefits children from low-income families who are currently more likely to miss out on the government’s 30 hours free childcare offering.
What is it you do? People from working-class backgrounds are too often excluded from decision-making which impacts their lives. Rebecca Winson explains why NEF organises to build power in local communities.
The New Economics Podcast reading list On the latest series of the New Economics Podcast we were delighted to be joined by a number of fantastic authors. We’ve put together a reading list of their books on issues from unions to the care crisis.
Why the climate crisis means higher prices From sizzling heat waves to devastating floods, the climate crisis is causing extreme weather across the world and leading to higher food prices in the UK, writes Chaitanya Kumar.
Much ado about high interest The money’s there to tackle the cost of living crisis, but our politicians don’t want to spend it. Dominic Caddick explains how the government can raise the money we need to support people with living costs and tackle the climate crisis.
