Tax Giveaway to Wealthy as Benefit changes ‘could push 200,000 children into poverty’.

Ipswich Unemployed Action.

Image result for giveaway tax changes help rich osborne

Osborne’s Help the Rich Punish the Poor Policies Set to Get Worse.

Two stories, two worlds.

Sunday, the Observer.

Wealthy get 80% of rewards from tax and welfare changes introduced by George Osborne that begin to come into effect this week.

The richest will reap 80% of the rewards from the tax and benefit changes that start to come into effect this week, while the poorest will become worse off, according to detailed analysis by the Resolution Foundation.

The independent thinktank’s research shows that the effect of £2bn of income tax cuts and more than £1bn of welfare cuts will add up to a huge transfer of wealth from low- and middle-income households to richer ones.

The reforms, set in train by former chancellor George Osborne, run directly contrary to the political mantra of Theresa May…

View original post 478 more words

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s