Families £891 worse off from April, new figures show
Families will be an average of £891 worse off from next week because of tax rises and cuts to tax credits and benefits introduced since 2010, according to new figures.
Families will be an average of £891 worse off from next week because of tax rises and cuts to tax credits and benefits introduced since 2010, according to new figures.
Despite bits and pieces to encourage provision of a few more affordable homes within the social sector, the big housing news from last week’s budget was that the government is seeking to expand home ownership again after a decline in the number and proportion of homeowners since 2005.
Of all the decisions the chancellor has made, the one he may be regret the most is making the Office of Budget Responsibility (OBR) independent.
Deficit reduction has ‘stalled’ and treasury sistorting figures with ‘gimmicks’, say NIESR
If Ed Miliband want to differentiate Labour from the Tories, it could start by showcasing its environmentally friendly economic policies.
My candid opinion then is that the assumptions underpinning the budget are simply absurd: there is no way this growth in incomes is gong to happen whatever changes are being made to the income tax system.
Where George Osborne’s departmental cuts might fall.
The Institute for Fiscal Studies (IFS) has today produced a graph in its post-budget analysis showing just how regressive this government’s measures are – or in plain English, how favourable the coalition’s policies have been to the wealthy.
Budget 2013: IFS says borrowing in 2014 will be 70bn more than hoped in 2010.
The Budget announced measures to help parents pay for childcare. But those in most need miss out on the biggest chunk of the support, argues Helen Barnard.