low income households

The EU Referendum and Fiscal Impact On Low Income Households

We assess the impact of the UK leaving the European Union (EU) on benefit and tax credit receipts of low income households using detailed fiscal and population data. First, we quantify the effect of leaving the EU on the UK fiscal position from two major sources: (i) the impact on national income and (ii) possible changes in migration. We also account for changes in net contributions to the EU budget. We use a range of possible national income and migration scenarios as inputs for our model estimates.