What the Autumn Statement mean for politics | Ben Southwood writes for Economia

Head of Research at the ASI, Ben Southwood, gives his take on the Autumn Statement in this article for Economia:

The Office for Budget Responsibility (OBR) has not been kind to George Osborne over the years, repeatedly revising down growth or tax revenues expectations in ways that made the chancellor’s budgets just look bad. He had to cut further or faster than he wanted just to stand still. But before the 2015 Autumn Statement the Prime Minister’s right-hand man was handed a £27bn present, allowing him to fulfil all of his budgetary dreams at once.

Read the full article here.

ASI reaction to the Autumn Statement features in City AM

Sam Bowman, Executive Director of the ASI, has had his comments on the Autumn Statement featured in City AM.

This is the right decision on tax credits and we applaud the chancellor for changing his mind. Tax credits are the right way of doing welfare, encouraging people into work and topping up the incomes of the working poor.

But now that they have been protected, we should reform the system by making it less complex and automatic, just as PAYE taxation is run.

Read the full article here.

The Adam Smith Institute features in the New Statesman for our position against tax credit cuts

The New Statesman has cited the ASI as one of the forces behind Osborne’s U-turn on cutting tax credits.

Rather than modifying the cuts to in-work benefits, Osborne abandoned them entirely. In the face of the formidable coalition of Boris Johnson (his chief leadership rival), Tory backbenchers, theSun, the work and pensions select committee, Labour, the Liberal Democrats and the Adam Smith Institute, he capitulated.

Click here to read the full article. 

Sam Bowman writes for the IBTimes on Osborne’s growing pension problem

Executive Director of the Adam Smith Institute, Sam Bowman, wrote an article for the IBTimes on the government’s ongoing appeasement of pensioners, and why it’s a growing problem.

But the overall picture is not good. As spending has – necessarily – fallen, the pensions bill has risen and risen and risen. The “triple lock” means that the state pension will always rise either by the inflation rate, the rate of earnings growth, or 2.5%, whichever is highest.

Over time, this would scarcely be affordable under the best circumstances. But Britain is getting older.

Read the full article here.

The ASI features on Conservative Home for our reaction to the Autumn Statement

The Adam Smith Institute’s reaction to the Autumn Statement has featured on Conservative Home. Quotes from Head of Research, Ben Southwood, and Executive Director, Sam Bowman were featured on their website.

Sam Bowman, Executive Director:

This is the right decision on tax credits, and we applaud the Chancellor for changing his mind.


Ben Southwood, Head of Research:

Finally—the government is taking localism and devolution seriously.

Read the full article here.