SAME ££££, DIFFERENT PR*CK

There is a lot of talk today about the report by the Institute for Fiscal Studies that suggests that the budget of George “the progressively” Osbourne is much more on the regressive side than we might have been led to believe.

From Channel 4 news…

The poor are not only paying more than the rich in proportion to their income – the standard statistical definition of being “regressive”. But the poorest groups are paying more from their vastly smaller incomes than almost all the richest groups in cash terms.

Furthermore…

The IFS says its study found that the poorest six tenths of households lost more in cash terms as a result of the Budget measures than wealthier households in all but the richest 10 per cent.

All I am asking here is the same question that I asked here, and that is simply this – why are people so shocked and/or surprised?

You shouldn’t be suprised because this is what the tories ARE. This is what they do and what they have almost always done.

Don’t get me wrong, Labour, particularly New Labour have very often behaved the same way.

The point is that there has been no significant change in the direction of UK economic policy since Thatcher. The devastating reforms she introduced have only been deepened by successive governments and only the presentation and the faces have changed.

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