Wednesday, 6 October 2010

The poor got whacked by Osbornes' cuts

In a letter to Tory MPs, Chancellor Osborne admits something about the Emergency Budget that he was loathe to admit at the time (despite the IFS's verdict that it was regressive): the poor got whacked.reports Paul Waugh in the Standard. http://waugh.standard.co.uk/2010/10/osbornes-message-to-troops-dont-panic.html  "I made £11 billion of savings from other parts of the welfare system, many of which affected people on lower incomes," Osborne says.