ASI comments on new report "Free Market Welfare" feature in The Week
Ben Southwood, Head of Research at the Adam Smith Institute, has had his comments regarding the proposed tax credit cuts featured in The Week.
Some are even calling for this to be catalyst for more radical change. Writing in City AM, the Adam Smith Institute's Ben Southwood called for tax credits to be replaced by a "negative income tax""It might guarantee a monthly income of £700," Southwood writes. "For each extra £100 a person earns... they lose £50 of their initial £700 benefit. When their wages hit £700 they're getting £350 from the state, for a total of £1,050 - when their wages hit £1,400, they no longer get anything."