{"id":2874,"date":"2010-06-24T20:27:33","date_gmt":"2010-06-24T19:27:33","guid":{"rendered":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/?p=2874"},"modified":"2012-09-29T17:21:36","modified_gmt":"2012-09-29T16:21:36","slug":"why-the-budget-is-regressive-rather-than-progressive-2","status":"publish","type":"post","link":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/?p=2874","title":{"rendered":"Why the budget is regressive rather than progressive (2)"},"content":{"rendered":"<p>Further evidence is now emerging that the tough budget is not as fair as the Chancellor was pretending. The respected Institute for Fiscal Studies (IFS) has produced <a href=\"http:\/\/www.ifs.org.uk\/budgets\/budgetjune2010\/browne.pdf\">this analysis<\/a>.<\/p>\n<p>As explained in <a href=\"http:\/\/www.guardian.co.uk\/commentisfree\/2010\/jun\/24\/budget-welfare-cuts-poor-editorial\">this &#8220;Guardian&#8221; editorial<\/a>:<\/p>\n<blockquote><p>&#8220;As the IFS pointed out, the reason the measures looked so fair was  because they took into account the announcements made by Labour in its  last few budget statements \u2013 higher taxes on income, the clampdown on  rich people&#8217;s pension relief and so on. Strip those out to look at the  measures brought in by the Cameron government \u2013 the rise in VAT next  January, the uprating of benefits in line with inflation as measured by  CPI rather than the higher RPI \u2013 and the burden falls heaviest on the  poorest. Indeed, by the end of the parliament, the IFS finds that the  total cost of Mr Osborne&#8217;s budget was to make the poorest section of  society 2.6% worse off, while leaving the richest only 0.6% down.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Further evidence is now emerging that the tough budget is not as fair as the Chancellor was pretending. The respected Institute for Fiscal Studies (IFS) has produced this analysis. As explained in this &#8220;Guardian&#8221; editorial: &#8220;As the IFS pointed out, the reason the measures looked so fair was because they took into account the announcements [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2874","post","type-post","status-publish","format-standard","hentry","category-british-current-affairs"],"_links":{"self":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/2874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2874"}],"version-history":[{"count":6,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/2874\/revisions"}],"predecessor-version":[{"id":2879,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/2874\/revisions\/2879"}],"wp:attachment":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2874"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}