ASI report "Free Market Welfare" has been featured by the Press Association

The Adam Smith Institute's latest paper "Free Market Welfare: The Case for a Negative Income Tax" has been featured by the Press Association, and in over 30 local papers.

Call for Negative Income Tax as Alternative to Tax Credits

The Government should replace tax credits and other means tested benefits with a Negative Income Tax payment that is gradually withdrawn as people's earnings increase, a new report by a think tank has suggested.

Britain’s welfare system is overcomplicated, wasteful and counterproductive. In Free Market Welfare, Michael Story makes the case for merging most working-age benefits into a Negative Income Tax – a single, tapered payment that tops up the wages of the working poor and guarantees that work always pays.