Coalition has ‘shifted money from poorest to better-off’ (#uk #politics #welfare #bedroomtax #ids)

colmonshftThose of us who have been keeping an eye on the coalition government for the past few years are well aware of the social and economic engineering taking place which penalises the poorest and most vulnerable in our society and keeps the well-off (Tory voters) sweet.

A study published by the Institute for Social and Economic Research and the London School of Economics reveals that the coalition has taken money from the poorest to fund tax breaks for the well-off. The cuts in low-income and disability benefits has had no effect on public funds contrary to government claims.

The most financially-disadvantaged experienced cuts of nearly 3 per cent of what they would have earned if Britain’s tax and welfare system of May 2010 was retained.

Those who gain from the changes include couples who both work and those in their 50s and early 60s, with an increase of between 1.2 and 2 per cent in disposable income.

The top 5 per cent of the country’s highest earners lost one per cent of their potential income, however the reduction in top rate income tax from 50p to 45p meant that the one per cent earning the most also had a small monetary net gain.

The study’s authors, Dr Paola De Agostini and Professor Holly Sutherland from ISER and Professor John Hills from LSE, wrote: “Whether we have all been ‘in it together’, making equivalent sacrifices through the period of austerity, is a central question in understanding the record of the coalition Government.”

Shadow chancellor Ed Balls told The Independent “This is a damning analysis of David Cameron and George Osborne’s record. It demolishes any last pretence that we are somehow all in this together.”

This is also proof of the smoke-and-mirrors tactics that have been used to try and fool the British public into believing that the government’s ‘austerity’ policies are for the public good.

In reality, we have seen incredibly ill-thought-out cuts across all public services, while at the same time the government has found copious cash to fund pet projects – such as the unprecedented increase in foreign aid.

The hard facts are that the Conservative dominated government is looking after their own at the expense of everyone else. As we see more public services being moved into the hands of private companies on extremely lucrative contracts (often costing more than the original service provision) we are also seeing a massive increase in economic slavery.

Even if a person does find work after a period of unemployment, the jobs on offer are often extremely exploitative minimum waged, part-time, or on zero-hour contracted positions.

This is far from a shining example of good government


Follow @martynjsymons

Feel free to leave your comments below. Comments have to be approved – but we don’t censor alternative opinions and information – we just don’t like spam.

Don’t forget to visit our NEW site too:

The Revelations of Dr Richard Day

Information he revealed in 1969 has come true, and so will his revelations of plans for the future of the world, society – AND YOU!

If you would like to donate to us to help with the annual cost of operating Order Of Truth, please use the Paypal button below. Every donation is appreciated. Thank you.

Donate Button


2 thoughts on “Coalition has ‘shifted money from poorest to better-off’ (#uk #politics #welfare #bedroomtax #ids)

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.