The combined effects of the measures in the March and June Budgets ensure that the least well off are less affected than the richest according to the Commons Treasury Committee’s report on the June 2010 Budget.
The committee acknowledged that the June Budget is only the first part of a wider range of measures.
But Andrew Tyrie Chairman of the Committee and a Conservative MP said: ‘Whilst those on the lowest incomes bear less of the strain than those on the highest incomes I am concerned that those at the bottom appear to pay proportionately more than those in the middle of the income distribution.’
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