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first_imgBut social security secretary Iain Duncan Smith denied claims that 200,000 people would lose their Employment Support Allowance as part of the cuts. IFS: families hit hardest by Osborne THE tax and benefit changes in George Osborne’s spending review will hurt families with children the most, the Institute for Fiscal Studies (IFS) said yesterday. In a presentation on the distributional effects of tax and benefit changes, IFS analyst James Browne said: “Overall, families with children seem to be the biggest losers.”The independent think-tank also disputed two of the government’s central claims: that the spending review was “progressive” – i.e. that it hit the rich harder than the poor – and that the departmental spending cuts were softer than Labour’s would have been. Carl Emmerson, the IFS acting director, said: “The tax and benefit changes are regressive rather than progressive across most of the income distribution. With the notable exception of the richest two per cent, the tax and benefit components of the fiscal consolidation are, overall, being implemented in a regressive way.”He added that while the coalition would make cuts of around 19 per cent in real-terms in unprotected departments, Labour’s March 2010 Budget implied lower cuts of 16 per cent. The Labour party seized on the IFS findings, and said the chancellor’s claim to “fairness” was unravelling.“At home, families will shoulder a huge burden, with cuts in child tax credit, child benefit and the child trust fund,” said Andy Burnham, shadow education secretary. whatsapp Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Thursday 21 October 2010 9:10 pm Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald whatsapp Show Comments ▼ KCS-content Sharelast_img read more