Budget (June 2010)

Part of Oral Answers to Questions — Treasury – in the House of Commons at 2:30 pm on 21 June 2011.

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Photo of Justine Greening Justine Greening The Economic Secretary to the Treasury 2:30, 21 June 2011

The IFS analysis was very clear-cut that it was indeed the most well-off people in our country who were bearing the brunt of the fiscal consolidation measures. I draw the House’s attention to the need to look at the overall impact of not just the Budget 2010, but the spending review and the Budget this year. They show that the most well-off people in our country are bearing the brunt of the fiscal consolidation, whether that is measured in terms of their income or of their expenditure.