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