IFS shows Summer Budget is wolf in sheep’s clothing for many families, says TUC

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9 July 2015

Commenting on the Summer Budget analysis published today (Thursday) by the Institute for Fiscal Studies, which confirms that the Budget is highly regressive, TUC General Secretary Frances O’Grady said:

“A higher minimum wage will bring gains for some, but for many working families the Budget is a wolf in sheep’s clothing. These households will find that their tax credit losses are much larger than any gains from higher pay. Young workers, who will see no pay hike at all, can only lose.

“If the Chancellor hadn’t wasted so much on giveaways for the richest, tax credit cuts could have been avoided altogether. Low income working households need decent pay and in-work benefits to make ends meet.“


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