On a day like today it can be hard to cut through the spin around the Autumn Statement. So this graph – produced by The Treasury – is very informative indeed.
It shows that the poorest are the hardest hit, and the very richest come off proportionately best. And the first 5 deciles are regressive – meaning that this mini-budget will leave all of the people in these (lowest paid) segments worse off.
The poor will poorer as a result of the Autumn Statement – even Danny Alexander is admitting it.
Here’s the graph:
More from LabourList
Local elections: Party claims council tax £300 lower in Labour councils than Tory
Union leaders demand answers over Labour handling of online selection votes
Selections, disablism code of conduct and BAME Labour – Labour NEC report