Saturday, 8 December 2012

Suffer the Poor.......and the Rich?

Great analysis by The New Economics Foundation on the impact the government's tax and spending plans will have on different income groups.



This graph shows that everyone will be worse off, but the richer you are the less impact on your income, with the exception of the richest 10%.  Some might argue that it is unlikely most of their earnings are in the form of income.  Most of the super rich establish themselves as private companies and pay corporation tax, which has been reduced.

It is based on the official data from the Office for Budget Responsibility and is here

To balance this waspish analysis, have a look at the Telegraph's interactive guide here

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