Resolution Foundation said 95% of the population will still get poorer as the cost-of-living crisis continues.
The Chancellor’s huge package of personal tax cuts amid a cost-of-living crisis will do nothing to stop more than two million people falling below the poverty line, according to a think tank.
The richest 5% will see their incomes grow by 2% next year , while the other 95% of the population will get poorer as the cost-of-living crisis continues. The think tank added that middle income Britain stands to lose the most overall of all the tax and benefit policies announced. The poorest fifth of households will gain £90 on average, with the middle fifth losing £780, and only the top 5% gaining significantly .
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