Wednesday, August 25, 2010

BBC News - Budget hits the poorest hardest, says IFS

BBC News - Budget hits the poorest hardest, says IFS

Note what the Treasury and Coalition Government say their budget was all about, summarised in this picture. Remember that they have said that we are all in it together or words to that effect. Then read what an independent analysis by the Institute of Fiscal Studies (IFS) says (extract below, more detail via link):

The coalition government's first Budget has hit the poorest families hardest, a leading economic think tank has said.

The Institute for Fiscal Studies (IFS) said the measures announced in the Budget in June were "regressive".

Its analysis suggests that low income families with children are set to lose the most as a percentage of net income due to benefit cuts announced in the Budget.

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