 Facts and figures about UK taxes, benefits and public spending.
Analysing government fiscal forecasts and tax and spending.
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Reforming the tax system for the 21st century.
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Type: IFS Press Releases
Related report: Poverty and inequality in the UK: 2007
Relative poverty has risen across the whole population for the first time since Labour came to power, with child poverty also rising for the first time in six years, according to official statistics released today on the distribution of income in 2005/06. With the exception of a further fall in pensioner poverty, most measures of income poverty and inequality increased in 2005/06. The rise in poverty will be of particular concern to the Government given the impact of the tight spending squeeze announced in last week's Budget on its ability to pay more generous benefit and tax credit payments. Search |
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