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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:
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