The average UK household receives on average £6,045 a year in government benefits (2013/14) (ONS, average incomes table 14, June 2015) The main benefits are: State pension Tax credits Housing benefit Unemployment benefit Disability allowance / incapacity benefits Student support Child benefit See benefit spending UK The biggest benefit is the state pension, with the …
Readers Question: Evaluate the advantages and disadvantages of both a floating exchange rate and a fixed exchange rate. Is there a “better” one to have? A fixed exchange rate occurs when a currency is kept at a certain level compared to other currencies. In practice, many of them are semi-fixed exchange rates like the Exchange …
The take-up rate measures the percentage of eligible people who accept a particular good/service or benefit. The take-up rate may refer to the percentage of shareholders who accept the opportunity to buy more shares during a public share offering. Benefit Take-up Rate The benefit take-up rate measures the percentage of people who claim benefits that …
Quantitative easing is a process where a Central Bank creates money electronically. It uses this new money to purchase assets and bonds (mostly government bonds) from commercial banks and financial institutions. For more see: Quantitative easing explained Quantitative Easing has helped many holders of government bonds who have benefited from selling bonds to the Central …
Benefits in Kind are government policies to help improve the living standards of underprivileged groups without the use of cash benefits. Examples of Benefits in Kind Free TV licenses for those aged over 80 Free Prescriptions for those on income support Free higher education. The argument is that if low income groups were given cash …
The UK has a complex system of benefits that hopes to reduce relative poverty, whilst avoiding the problems of reducing incentives to work. UK benefit spending Benefits include both means tested and universal benefits Source: OBR – Economic and Fiscal Outlook, fiscal supplementary tables, Dec. 2014 Main UK Benefits include: Pensions Incapacity benefit Unemployment benefit …
If someone is claiming unemployment benefits should the government be able to make them work a full-time jobs to remain eligible for benefits? You could argue that if someone is receiving unemployment benefits, offering them ‘job experience’ may have certain benefits. Benefits of Unemployed having to Work It makes sure people are not claiming benefits …
Readers Question: I would like to know more on the issue of who exactly benefits from the UK national debt that my great grandchildren are going to be paying. It is helpful to think of the three aspects of the government debt Structural deficit – related to above inflationary increases on health and education and …