Coalition cuts will disproportionately affect the poor…

Interesting line from the FT, who argue that because of the structure of public spending under Labour, the cuts planned for tomorrow will disproportionately affect the poor over the rich: With public money generally allocated according to need, spending cuts tend to take proportionately more money from poorer areas. The biggest reductions come in areas with the lowest household incomes. When, for illustrative purposes, the FT envisaged a 10 per cent cut in social security payments, the result was a …

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