http://www.bbc.co.uk/news/business-11079496
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| Quote: The new coalition government's emergency Budget announced in June has hit the poorest families hardest, a leading economic think tank says. The Institute for Fiscal Studies (IFS) said the measures announced in the Budget were "regressive". Its analysis suggests the poorest households are set to lose the most as a precentage of net income due to benefit cuts announced in the Budget. The Treasury said it did not accept the "selective" findings of the IFS. | |
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Well considering that the IFS are independent of both parties and they slammed the last Labour budget they are certainly not partisan. The coalition budget was only balance because it included the labour tax increases which hit the richest hardest. Otherwise it would have been a completely regressive budget.
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| Quote: "It is selective, ignoring the pro-growth and employment effects of Budget measures - such as helping households move from benefits into work, and reductions in corporation tax." | |
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It has not shown itself to be pro growth. The economy is slowing and the poor certainly do not benefit from corporation tax cuts.