Share this article:
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
‘It was the best of times, it was the worst of times… my first four months as Editor’
‘Labour have a credible path to ending Britain’s dependence on food banks and have taken the first steps along it’
‘Ending homelessness must be Labour’s moral mission — and this time we must finish the job’