Wednesday, 31 March 2010
People Like Us
I've posted this graph before, but this is the up-to-date version from the IFS. I assume it doesn't include the measures which come into effect at the start of the new financial year, i.e. the 50p higher band of income tax or the 1p rise in NI for those on more than £20,000. Political opponents are fond of focusing on the income inequality gap, i.e. that the gap between the richest and the poorest has grown under a Labour, but too often this gets twisted into "the rich have got richer and the poor have got poorer". That's not true. The poorest are significantly better off under this Labour Government, as are many on modest and middle incomes too. And that's before you get onto public services, and the fact that those who can't afford to pay for health care or education have seen a massive improvement in the NHS and schools under Labour.