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TUC research note: ‘July Budget 2015 reforms – impacts on households’

September 18, 2015

A TUC research note published in September 2015 shows that the poorest working households will lose on average £460 a year by 2020 due to government changes to tax and benefits, despite the Chancellor’s minimum wage increase. However, the richest working households will be made £670 a year better off.

The research analyses the combined impact on annual incomes in 2020 of changes due to be made to universal credit, benefits, the minimum wage and tax allowances. It also includes gains from the Chancellor’s planned increases to the minimum wage.


Posted in: Hard Times for Equality, Publications