Some lose a little some lose a lot

As I predicted in the post below everyone is at lease a little worse off under this budget than they were before. The mix of proposals mean that the poorest are insulated from the bulk of reductions and will be about £200 a year worse off, the top 10% of earners will be on average £1,600 worse off.

In percentage of income the graph looks like this:

Most people will be about 1% of income worse off with the top 10% of earners seeing their net income drop by about 2% worse off.

After budgets the media normally look out for “winners and losers”, the simple truth is that there aren’t really any winners today, that is the financial legacy of the Blair and Brown governments.

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