Budget 2011: the impact on low-to-middle earners
Matthew Whittaker: 26th April 2011
Changes in Budget 2011 will have a significant impact on low-to-middle earners. This briefing note does four things:
- outlines the pre-announced tax and benefit changes taking force from April 2011;
- provides an assessment of the new measures announced in Budget 2011;
- looks at prospects for real wage growth under the macroeconomic forecasts set out in the Budget;
- uses a series of case studies to consider what the combination of these economic trends with planned tax and benefit changes will mean for typical low-to-middle earner households in the next two years.
Andrew Grice at the Independent discusses our findings in relation to child benefit cuts.
Gavin Kelly, Chief Executive of the Resolution Foundation writes in the Independent about the impact on families.
Read more in the Independent about the impact of cuts on families.
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