Official graph from Spending Review showing that poorest 10% will be hardest hit...
Early signs are that despite George’s insistence on fairness it will be the poorest 10% that will feel most of Osborne’s Spending Review pain. The Institute for Fiscal Studies has told Sky News the spending plans are “regressive” and a chart on page 98 of the official document reveals the bottom 10% of earners will lose the most money from the cuts.
Big surprise that.