IFS Say It Isn’t Fair

25/10/2010 by JohnBuck.

The Institute For Fiscal Studies (IFS) says that the Coalitions tax and benefit changes coming into force by 2014-15 is regressive. So why aren’t the Coalition doing something about this now? The current Treasury analysis suggests that it is not “regressive”, but these figures exclude a third of the benefit changes planned by the government, and don’t go up to 2014-15.

The changes excluded are definitely regressive - they have the greatest effect, relative to income, on people at the lower end of the income scale. Where is the fairness in this Coalition? I definitely know who I’m going to vote for in the next general election . . .

Posted in Finance | 4 Comments »