IFS: Budget was “regressive”
George Osborne claimed it was a “progressive Budget”. Analysis by the independent IFS shows that, stripping away pre-announced measures, it was a “regressive Budget”.
Yearly Archives: 2010
Green Jobs in an age of rising unemployment
In the first of two new soon-to-be-published papers, ippr’s study ‘Green and Decent Jobs’ discusses how far the creation of new green jobs could counteract unemployment in the UK.
Online voting for disabled voters
Two-thirds of disabled voters faced access difficulties at polling stations on election day. The charity Scope is calling for online voting to address the problem.
More evasiveness and secrecy over climate foundation’s funding
Lord Lawson is still refusing to reveal the source of £50,000 ‘seed funding’ for the climate sceptic Global Warming Policy Foundation.
Labour MEPs win vote on capping bankers’ bonuses
The new draft Capital Requirements Directive (CRD 3) would impose a blanket ban on bonuses for directors of bailed-out banks until taxpayers are repaid…
Tory “lies” on tax credits exposed
Before the election, Labour’s claims about Tory plans to cut child tax credits were dubbed “lies”. Labour was exonerated yesterday as the truth was revealed.
Negative Budget reaction across the nations
Cameron’s aimed for a new relationship with the devolved bodies. But the reaction to the Budget of the smaller parties across the nations was largely negative.
Politics Summary: Wednesday, June 23rd
Sign up to receive this politics summary in your inbox every morning. Reaction to George Osborne’s Budget focused on the scale of the cuts with the Chancellor announcing £40 billion in additional spending cuts and net tax rises. The Guardiantest
Osborne’s tax changes are regressive (not “progressive”)
To cut income tax – a progressive tax – at the same time as increasing VAT – a regressive tax – is always going to hit the poorest hardest.
Lib Dem’s will preside over £47bn extra cuts
During the election, the Liberal Democrats supported Labour’s fiscal consolidation plan. They now support £47 billion of additional spending cuts by 2015-16.