Tory Policies Force Britain's Poorest Families to Suffer the Most - Acclaimed News
Tory Policies Force Britain's Poorest Families to Suffer the Most - Acclaimed News
By Mick Meaney / acclaimednews.com
Jul 7, 2015

(Acclaimed News) A newly released report has revealed, as many have suspected, that British taxes are currently weighted in such a way that hits the poorest families harder than the richest ones. With the Tories considering tax cuts for the rich, and reducing benefits plus tax credits for the poor that situation could get worse instead of better.

The 2014 figures from the Office of National Statistics (ONS) clearly showed the disparity between the richest and the poorest. The richest fifth of the population had an average yearly income of £80, 800 before taxes or benefits were taken into account.

In contrast the poorest fifth have to survive on 1/15th of that, a mere £5,500 (and that is if they avoid DWP sanctions).

However those poorest families see 37.8 per cent of their income go back to the government in taxes, whilst the richest have 3 per cent less of their income go in taxes.

If 160 Tory MPs have their way the balance will tilt towards the rich even further. They are urging Chancellor George Osborne to lower the top rate of tax to 40p.

Their argument is that lower taxes for the rich eventually makes everybody richer, assuming of course they use the money they save to create extra jobs instead of spending it on luxury items, or on foreign holidays.

The TUC General Secretary, Frances O’Grady argues that the rich should be paying more taxes not less:

“THERE CAN BE NO ARGUMENT FOR REDUCING TAXES FOR THE RICHEST WHEN THEY ARE ALREADY CONTRIBUTING A SMALLER SHARE OF THEIR INCOME THAN THE POOREST.

“THE GOVERNMENT SHOULD INSTEAD BE LOOKING AT HOW THE WEALTHIEST CAN MAKE A FAIRER CONTRIBUTION TO IMPROVING THE PUBLIC FINANCES.”

This is especially the case as Iain Duncan Smith has declared that there will £12 billion in welfare cuts.

Ms O’Grady continued:

“WITHOUT TAX CREDITS, THE LOW-PAID WOULD BE MUCH WORSE OFF. IT WILL BE A DISASTER FOR MILLIONS OF FAMILIES IF THE GOVERNMENT RUSHES AHEAD WITH PLANS FOR EXTREME CUTS TO SUPPORT FOR PEOPLE IN WORK.”

These cuts have already begun with the closing of the Independent Living Fund for disabled people, and cuts to working tax credits, and the freezing of child tax credits. Universal Credit is supposed to make people better off if they are working, but it is already three years late, and assuming it ever woks that is.

4.0 ·
1
Trending Today
The Uncurious, Continuing, Stubborn Refusal to Grasp Bernie Sanders
Liam Miller17,674 views today ·
25 Cheat Sheets for Taking Care of Yourself Like a Damn Adult
Anna Borges5,320 views today ·
Today I Rise: This Beautiful Short Film Is Like a Love Poem For Your Heart and Soul
4 min4,818 views today ·
Meet the Teen Inventor Who Wants to Get the Navajo Nation off Coal
5 min4,738 views today ·
5 Reasons to Build a Network of Small Groups, Rather Than a Mass Movement of Individuals
Richard D. Bartlett3,804 views today ·
Watch This Wonderful Video Revealing the Results of a DNA Test
1 min3,685 views today ·
Gandhi's Top 10 Fundamentals for Changing the World
Henrik Edberg3,661 views today ·
50 Eco-Conscious Documentaries to Celebrate Earth Day (That You Can Watch Online)
Films For Action3,652 views today ·
10 Quotes From an Oglala Lakota Chief That Will Make You Question Everything About Our Society
Wisdom Pills3,223 views today ·
Load More
What's Next
The Lie We Live
8 min
Why Do People Defend Unjust, Inept, and Corrupt Systems?
Science Daily
Factory Collapse in Bangladesh Shows Cracks in the System
Michelle Chen
Like us on Facebook?
Tory Policies Force Britain's Poorest Families to Suffer the Most - Acclaimed News