The worse-off 30% lose £5 a week

Submitted by martin on 8 December, 2012 - 10:09

In his Autumn Statement on 5 December, George Osborn didn't make all the welfare benefit cuts he's going to make. Yet the measures he announced will mean that the worst-off 30% of the population will be cumulatively £5 a week worse off by April 2015.

The Financial Times published this graphic:

Theoretically, the top 10% also lose out by an average £8 per week. But their chances for tax avoidance are much greater than the opportunities for the worse-off to get round benefit cuts.

And £8 per week is not much when you are in the top 10%. £5 per week is a lot when you are in the bottom 30%.