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The poorest 10% of the population

ProfilePosted byOptionsPost Date

Rambling

Rambling Report 21 Oct 2010 18:55

"However the Institute for Fiscal Studies has told Sky News the spending plans are "regressive" and a chart on page 98 of the official document reveals the bottom 10% of earners will lose the most money from the cuts.
Acting director Carl Emmerson said: "The Treasury's own figures show the benefit cuts announced today will affect the bottom half more than the top half.

"The cuts to public sector spending will also affect the poorest half rather than the top half.

"Therefore, everything we have heard about so far indicates the measures are regressive."


Discuss.

Jean (Monmouth)

Jean (Monmouth) Report 21 Oct 2010 19:32

But we knew that would be so, didnt we! No need for expensive studies, we could have told them for free!.

ChAoTicintheNewYear

ChAoTicintheNewYear Report 21 Oct 2010 20:17

No surprise there. The tories are not going to make the rich poorer when they can make the poor poorer instead.