Ed Miliband and David Cameron clashed on the impact of last week's autumn statement at Prime Minister's Questions today.
Ed Miliband and David Cameron clashed on the impact of last week’s autumn statement at Prime Minister’s Questions today.
The main point of dispute was George Osborne’s slashing of tax credits – cuts to the benefits received by those in work, the “strivers”, with Ed Balls brandishing the IFS graph (page 24, pdf) showing the distributional impact of the government’s tax and benefit reforms, which will badly hit both those in and out of work. Cameron countered by claiming the IFS did not include the raising of the income tax threshold in their calculations.
• Chart: Distributional impact of autumn statement measures shows poorest hit hardest – 6th December, 2012