Going to use a bit of the Brigid Jones BULS blog formula this morning.
It turns out there’s going to be the biggest drop in middle-income families incomes since the 1970s and so pushing 600,000 more children into poverty according to the IFS. This is while Gideon (George) Osborne has announced a £840 million tax break for multinationals using tax heavens while it turns out the amount of tax money lost in the FTSE 100 by tax avoidance is estimated to be £18bn. So much for the cuts being “progressive”.
To insult to misery, it turns out public sector job losses will 50% higher than originally predicted. So much for Cameron’s pre-election claim that any Minister who came to him with front-line public sector cuts would be told to go back and have a rethink.