Archive for November 2011
29 November 2011
Today’s announcement of cuts to tax credits hit low to middle income families hard and is straightforwardly regressive, analysis from the Resolution Foundation shows. Scrapping the planned increases in Child Tax Credit and freezing more elements of the Working Tax Credit takes money from those who can least afford it, with more than three-quarters of the £1.2bn savings planned for 2012 coming from the bottom half of the income distribution.
21 November 2011
President Obama’s ‘middle-class tsar’ today flies into the UK for a major summit with British economists on the squeezed middle. Jared Bernstein, who ran the White House Taskforce on how to reverse the decline of the American middle-class, will speak at the meeting with British and American economists called by independent think tank the Resolution Foundation.
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