Provide an Example of a Recent Legal Change (legislative or Judicial) That Has Contributed to the Growth in Income and Wealth Inequality and Explain How It Has Done So – Term Paper – jones93734
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Provide an Example of a Recent Legal Change (legislative or Judicial) That Has Contributed to the Growth in Income and Wealth Inequality and Explain How It Has Done So
University of Bristol Law SchoolFORMATIVE ASSESSMENT COVER SHEETThis form should be completed and submitted with your formative assessment. Please attach this sheet as the first page of your submission.Unit Code/NameLAWD30017 Rich Law, Poor LawAssessment title/question3. Provide an example of a recent legal change (legislative or judicial) that has contributed to the growth in income and wealth inequality and explain how it has done soSubmission date6 November 2017Student nameCatherine JonesDate submitted6 November 2017Before you submit your formative assessment, please check:I have observed the preparation and submission instructions for this assessmentI know what marking criteria apply to this assessment (Unless informed of specific marking criteria for the assessment, the assessment will be marked in accordance with the Intended Learning Outcomes (ILOs) for the Unit (see the Unit Guide) and the Law School assessment criteria (see Blackboard: Law Student Information – Assessment)I have completed the boxes above, and have completed the optional box below if there is any particular issue I would like my marker to provide specific feedback onSpecific feedback requestPlease complete this section if there is something on which you would like specific feedback from your marker. For example your reflection on previous assessments might identify difficulties in a particular area (eg structure; level of detail; analysis; referencing). By completing this section your marker will know to provide you with feedback specifically directed to this issue to assist your skills development.I would like to receive specific feedback on: ReferencingFeedback on your formative assessment will be provided as set out in your Unit Guide and/or as instructed by your Unit Co-ordinator. Please contact your Unit co-ordinator if you are unsure of when or how your feedback on this assessment will be provided.Income inequality refers to the unequal distribution of incomes in a particular state. In the UK income inequality âfell during the recession and its immediate aftermath, and has remained broadly unchanged since thenâ[1]. An issue still remains that there are certain legislative changes, which are perpetuating the inequality faced by citizens, which tend to favour the top 20% of the wealthiest in society whilst neglecting the plight of the bottom 20%. Wealth inequality as another form of economic inequality but focuses on marketable assets, such as real estate and financial wealth (e.g. shares and bonds) as opposed to an individualâs earnings and benefits.
In this essay I shall demonstrate how the law can have a negative impact on economic inequality, using the Welfare Reform and Work Act 2016 (âThe Actâ)[2] as an example. This Act was introduced by the Conservative Government following a manifesto pledge in the 2015 election[3]. It has, however, received strong criticism and has been described as âA Pandoraâs box for Britainâs poorest familiesâ[4].Changes within The ActWhilst there are many provisions contained within the Act which are likely to contribute to a growth in economic inequality, such as the freeze on social security benefits[5] which will ensure that payments arenât kept in line with infation and a two-child limit for receiving benefits[6] which is likely to decrease the income the poorest families receive, I have chosen to focus on S.8 and S.9 which reduce the maximum benefit which people are entitled to. These sections have been commonly refered to as the âbenefit capâ. The chosen sections lower the annual limit to ÂŁ23,000 for residents of Greater London[7] and ÂŁ20,000 for residents elsewhere in the country[8].Experts have warned âMore than 116,000 of the poorest households in the UK will be hit by the extended benefit cap, putting many at risk of homelessnessâ[9]. Giving the poorest people less money to live on will drive up the economic inequality in society.Austerity policies are those, which are implemented to reduce public spending to ensure that government goals of reducing public debt and the deficit can be met. Cutting back on benefits can be seen as a form of austerity since the Government will save a large amount of money in the payments, which they will no longer have to make. The reasoning of the Department of Work and Pensions (DWP) for introducing the cap is that it should act âas an incentive to get people into work because moving on to working tax credits gains an exemption from the capâ[10]. However, a study conducted in Oxford found that âthe more income a person lost from changes to their benefit, the less likely they were to move into workâ[11]. This suggests that the cap will have consequences larger than those, which the DWP had expected.
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“Provide an Example of a Recent Legal Change (legislative or Judicial) That Has Contributed to the Growth in Income and Wealth Inequality and Explain How It Has Done So” EssaysForStudent.com. 01 2018. 2018. 01 2018 < "Provide an Example of a Recent Legal Change (legislative or Judicial) That Has Contributed to the Growth in Income and Wealth Inequality and Explain How It Has Done So." EssaysForStudent.com. EssaysForStudent.com, 01 2018. Web. 01 2018. < "Provide an Example of a Recent Legal Change (legislative or Judicial) That Has Contributed to the Growth in Income and Wealth Inequality and Explain How It Has Done So." EssaysForStudent.com. 01, 2018. Accessed 01, 2018. Essay Preview By: jones93734 Submitted: January 2, 2018 Essay Length: 1,197 Words / 5 Pages Paper type: Term Paper Views: 495 Report this essay Tweet Related Essays How Nationalism in Balkans Contributed to First World War How Nationalism In Balkans Contributed to First World War Nationalism in the Balkans helped contribute to the outbreak of WWI. Beginning in the late 19th 799 Words  |  4 Pages Organizational Change and Resistance to Change Organizational Change And Resistance To Change Future generations, looking back on the last years of the twentieth century, will see a contradictory picture of great 1,515 Words  |  7 Pages Zoom: How Much Information Is Changing the World As many know that I work for Google, I came a lot of letters with strange questions or complaints about the policy Google, questions about 1,691 Words  |  7 Pages Canadian Legal System On September 25th, 3:00PM, I attended the Ontario Traffic Courts at 1530 Markham Road. Room E9 is where the trial took place, my trial to 745 Words  |  3 Pages Similar Topics Managing Change British Airways Music Industry Change Tune Get Access to 89,000+ Essays and Term Papers Join 209,000+ Other Students High Quality Essays and Documents Sign up © 2008â2020 EssaysForStudent.comFree Essays, Book Reports, Term Papers and Research Papers Essays Sign up Sign in Contact us Site Map Privacy Policy Terms of Service Facebook Twitter