Re-capitalising the poor

July 20, 2009 at 11:35 am Leave a comment

by Matthew Horne

I went to a seminar with David Freud and the progressive conservatives at DEMOS last week.

They propose turning housing benefit into lump sum payments so people can buy houses.  Interesting idea but it didn’t stack up – a potential state subsidised sub-prime market.

They propose hypothecated tax to be paid into the private pension pot of people on low incomes.  Aged 68 is a long time to wait to be lifted out of poverty.

Some great ideas in principle but the working out of them was pretty ropey. It was obvious that they hadn’t talked to any of the people they were trying to help. A classic bit of think tankery!

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Entry filed under: Government Departments, Innovation Policy. Tags: .

Innovation Unit Awayday 10 Downing Street

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