Trades Union Congress

Trades Union Congress

Trades Union Congress. See Trade Union. Transfer Earnings. See Economic Rent. Transfer Incomes. See Transfer Payments, Transfer Payments, payments other than those made for productive services, particularly transfers of money by the Government in grants, allowances, pensions, etc., from taxpayers to people in need such as pensioners, widows, sick or unemployed persons, and others with little or no other income. The development of social insurance, National Assistance and the Welfare State has considerably increased the amount of individual transfer payments and theft national total. Transfer payments form part of personal income but not national income since they redistribute wealth by reducing some personal incomes as much as (or less, by the costs of transfer) they increase others. In the early 2000's transfer payments in Britain were equivalent to about 8 per cent of the national income.

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consumeraffairs.org.uk

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