‘The Coalition government’s welfare cuts and tax reductions have transferred funds from the poorest to the pockets of the better-off, an academic study reveals.
The reductions in low-income and disability benefits financed tax breaks for the more financially privileged, although the richest were also hit, and this transfer of wealth made no net effect on public funds.
The groups hit hardest are single-parent families, large families, children and middle-aged parents, who make up the poorest 5 per cent of the country.
The most financially-disadvantaged experienced cuts of nearly 3 per cent of what they would have earned if Britain’s tax and welfare system of May 2010 was retained.’
Latest posts by Niamh Harris (see all)
- Prince Andrew Defends ‘Former’ Friendship: Did Not See Or Suspect Epstein’s Criminal Behavior - August 24, 2019
- Disgraced Ex-FBI Director Andrew McCabe Hired By CNN - August 24, 2019
- Jeremy Corybn’s Son To Open ‘National Hemp Service’ Shop - August 24, 2019