Tag Archives for Budget 2014

Pensions, fairness and Lamborghinis

Craig Berry

Budget changes to the annuities market are a lesson in the fallacies of freedom   From April 2015, individuals in defined contribution pension schemes will no longer be required to ‘annuitise’ their pensions saving, that is, turn their pot of savings into a lifelong, regular income by purchasing an annuity product from an insurance company. Boris Johnson’s response typified the … Continue reading

26 March 2014 by
Categories: SPERI Comment | Tags: , , , , , , , , | 3 comments

SPERI Research mentioned in Parliamentary Debate

In a parliamentary budget debate yesterday, Paul Blomfield MP referred to recent SPERI Research to argue that the budget does nothing to tackle regional inequalities and the north/south divide: “The Budget does not just ignore those issues; it is making them worse. Research by Sheffield political economy research institute has exposed the Chancellor’s flagship increase in the income tax  personal allowance as … Continue reading

25 March 2014 by
Categories: Video | Tags: , , , , , , | Leave a comment

Response to the budget: podcast & policy brief

SPERI Research Fellow Craig Berry responds to Osborne’s budget announcement in both the latest Policy Brief series and in the video below, arguing that changes to tax allowances will not help the lowest paid in Northern regions. Berry argues that the lowest-paid workers do not benefit at all from the Budget measure to increase the income tax personal allowance and … Continue reading

21 March 2014 by
Categories: Craig Berry, Publications | Tags: , , , , , , , , , , | Leave a comment