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.
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.