Institute for Fiscal Studies says CSR is ‘regressive’ i.e. hits ordinary people more than the rich

The Institute For Fiscal Studies (IFS) says that the entire package of tax and benefit changes coming into force by 2014-15 is clearly regressive, including the tax increases put in train by Labour.

The Treasury analysis for the spending review document, which suggests otherwise, excludes a third of the benefit changes planned by the government and does not go up to 2014-15. The changes excluded by this are clearly regressive – they have the greatest effect, relative to income, on people at the lower end of the income scale.

http://www.bbc.co.uk/blogs/thereporters/stephanieflanders/2010/10/ifs_analysis_of_tax_and_benefi.html

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