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One of the major ways that the government reduces income inequalities is through the benefit system - a frequent subject of political debate and policy reform. As well as directly affecting households' incomes, benefits change incentives around work, family formation, and housing; and the level of benefits and the way the system is structured can have knock on implications for benefit take-up, wages and rents, and claimants' children. At this online event, as part of the IFS Deaton Review of Inequalities funded by the Nuffield Foundation, we present and discuss findings from a major new work on benefits. Questions addressed will include: How has the benefit system changed over the past few decades? What can be done about benefit take-up? To what extent do benefits subsidise low wages? What are the implications of the system being so strongly tilted towards incentivising part-time work? What is there to be said for and against moving towards greater universalism (like universal basic income) or earnings protection (like furlough)? The event will be chaired by Paul Johnson, and will feature talks from: • Robert Joyce, Institute for Fiscal Studies • Ruth Patrick, University of York • Nicholas Timmins, The Institute for Government and The King’s Fund 00:00 - Introduction 4:45 - Benefits and tax credits 31:36 - Why has the UK system become focused on means-testing? 43:22 - Living at the sharp end of inequality 56:07 - Questions and answers