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Autumn Statement: family tax bombshell over new black hole

Publié par Clifford Armion le 12/07/2012

James Kirkup and Rowena Mason

The Institute for Fiscal Studies said that more spending cuts and up to £7 billion of tax rises were inevitable after 2015, warning that pension funds and benefits for older people are vulnerable.
The IFS, the main analyst of the Government’s finances, issued its alert a day after George Osborne launched a £2 billion tax raid on pensions in his Autumn Statement.
The Chancellor has extended the Government’s austerity programme to 2018 and moved to push 1 million more people over the higher-rate tax threshold. He has announced more real-terms cuts in benefits and reductions in the value of maternity pay, leading to claims from Labour of an unfair “mummy tax”.
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"Autumn Statement: family tax bombshell over new black hole", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), juillet 2012. Consulté le 07/05/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/autumn-statement-family-tax-bombshell-over-new-black-hole