‘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.
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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.’
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