Sunday, 16 November 2014

Tax policies benefitting wealthier half

The Observer reports that a landmark study of the coalition’s tax and welfare policies to be released on Monday reveals gains for the wealthier half of the population. According to the report by economists at the London School of Economics and the Institute for Social and Economic Research at the University of Essex, the poorest 5% in the country in terms of income have lost nearly 3% of what they would have earned if Britain’s tax and welfare system of May 2010 had been retained. The “better-off half of the country” meanwhile, is said to have enjoyed an increase of between 1.2% and 2% in their disposable income. Elsewhere, the Sunday Telegraph reports that a study for the Conservatives suggests “middle-class earners” will pay almost £2,000 less in income tax under the five-year term of a Conservative government than they would under Labour.
The Observer, 

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