Link to this page: http://www.socialistparty.org.uk/issue/636/10144
From The Socialist newspaper, 1 September 2010
Cuts hit poor hardest
THE CON-Dem coalition claims that their 'progressive' cuts hit hardest at the rich and that they 'shield' poor families from the effects of austerity. The report by the Institute for Fiscal Studies (IFS), gives the lie to this.
The IFS called Tory chancellor Osborne's emergency budget "clearly regressive" with cuts in welfare provision making working families on the lowest incomes - particularly those with children - the biggest losers.
They looked at proposed changes to housing benefit, disability allowances and tax credits pencilled in between today and 2015. They conclude that "they hit the poorest households more than those in the upper middle of income distribution in cash, let alone percentage, terms."
The poorest 10% of families could lose over 5% of their income as a result of the budget compared with a loss of under 1% for non-pensioner households without children in the richest 10% of households.
The rest of the population will face attacks on jobs and services. By the look of it, the only people to escape will be the ultra-rich and their friends, unless the working class movement steps up the fight.
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In The Socialist 1 September 2010:
Youth fight for jobs
Anti-cuts campaign
Anti-cuts movement builds momentum in Plymouth
North Staffs TUC public meeting against cuts
Anti-racism
Fighting the far right in Bradford
Socialist Party news and analysis
Labour's three stooges aid Con-Dem coalition
Government cuts hit our benefits
Keep Middle Street centre open
Socialist Party feature
Slashing public services: do councillors have 'no choice'?
International socialist news
Kazakhstan: Human rights activist beaten and arrested
Worldwide protests against brutal attack on three Russian socialists
Pakistan flood disaster: Workers' solidarity appeal
International feature
General strike movement sweeps South Africa
Socialist Party workplace news
Battles ahead on London Underground
London firefighters ballot for action
Civil service jobs under the cosh
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