21 Oct 2010

Spending review: IFS examines the ‘regressive’ cuts

At the Institute for Fiscal Studies well drinking the pure water of their analysis. They rubbish George Osborne’s theatrical flourish at the end of his speech claiming he’d undercut Labour’s departmental savings – which means it had the double hazard of making him look a bit shifty on numbers and at the time getting Tory MPs cheering excitedly at the deepest cuts for a generation. Not quite the image high command wanted.

As for whether yesterday’s changes are progressive, the IFS says that tax and benefit elements of the fiscal consolidation are regressive (with the exception of the top two per cent of earners – thanks to Labour measures) and that the Treasury’s own analysis proves that the cuts to public services are regressive too.

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6 reader comments

  1. Philip says:

    This doersn’t seem to be getting much air time in other news media websites – I wonder why??

  2. Tom Paine says:

    This Government has no mandate for their policies; therefore no legitimacy and it is every citizens duty to resist the policies of this Government by any means necessary. Vive Le France!

  3. Kate says:

    ” Vive La France!”

    I have to say I have an admiration for the French when it comes to showing anatagonism towards proposed measures. Whether any good comes of all the demonstrations and strikes I don’t know but at least taking part in them must feel good. Meanwhile, we Brits whinge lamely from the sofa. :(

    1. Tom Wright says:

      French protest is not all good. For example they successfully protest in favour of the EU farm subsidies that wreck the African agricultural economy and cause millions to live in poverty. They insist on socialist policies in job protection which give them one of the highest unemployment rates in Europe.

      A short stroll through the turbulent history of the French in the last 300 years doesn’t make for reassuring reading – a history of bloody protest, civil war, brutal repression, dictatorships, & military aggression. French protest is not all it is cracked up to be.

    2. Kate says:

      Tom, I wasn’t in admiration of the substance of their protests, merely the fact that they actually do get off their backsides to demonstrate their feeling.

  4. Lady Stum says:

    Dark days have arrived in Britain. The coalition government and their toxic flotilla of cuts are ruthlessly hacking away jobs, damaging vulnerable lives and chipping away at the very fabric of our society. We cannot afford to stand by and let this country sail towards a future of inequality.

    Fear Not! Captain SKA and his ship have arrived to fight this coalition, but more crew members are urgently required, there is strength in numbers.
    Pass this video on to other potential shipmates.

    Happy Sailing


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