Developing an inclusive assets policy

Document type
Paper
Author(s)
Stuart White
Publisher
Compass
Date of publication
16 August 2006
Series
Thinkpiece; 12
Subject(s)
Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

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Wealth inequality is one powerful, life-shaping expression of class inequality in British society. Against this background, a particularly disturbing phenomenon is the level of asset poverty amongst households – the high proportion of households with no savings. This paper examines proposals to develop an inclusive assets policy.  In particular, it examines two recent government initiatives – the Child Trust Fund and Saving Gateway. Short, medium and long run policy options to improve and extend these measures are considered, alongside reforms of inheritance tax, the introduction of a time-limited basic income and other proposals.

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