Osborne Screws the Poor - It's Official

Bullingdon Club, Osborne (No. 1)

The graph above from the respected Institute for Fiscal Studies says it all.  Follow the white line.  As a result of the budget, the richest 10% of the population are £200 a year worse off .  The next richest 10% are nearly £200 a year better off.  The people who are really screwed are the poorest 10% at minus £800 a year and the next poorest 10% at a staggering minus £1,300, 7.5% of their net income.

Sadly many of them must have voted Tory.

Newsnight's dumbed down version of the graph:


Both graphs include all the budget changes, including Osborne's 'National Living Wage' wheeze.