The distributional effect of the 2008 Pre-Budget Report

<p><p>The Pre-Budget Report given by the Chancellor on 24th November 2008 contained a number of changes to the tax and benefit system to come into effect at various points over the next three years.</p><p>This briefing note expands on the information provided at a briefing given by IFS researchers on the day after the Pre-Budget Report . It gives details of the changes to taxes, benefits and tax credits directly affecting households, and the total distributional impact of measures announced in PBR 2008 together with pre-announced changes, by income and expenditure decile and household type, at three points in time - January 2009, April 2009 and April 2011.</p><p>It also discusses what PBR 2008 does to our impression of all tax and benefit changes under this Government. Finally, it discusses what PBR 08 did for child poverty in 2010/11 and the likely effects of the income tax changes for those earning more than £100,000 a year.</p> </p><p></p>