Coalition Losses

According to a study by the Institute for Fiscal Studies (IFS) the spending power of middle class families with children are among the losers of tax and benefits changes brought in by the coalition.'The wealthiest 10 per cent of households are among the hardest hit since the coalition came to power. Those in this  bracket, which includes childless couples with a combined net income of more than £52,238, and couples with two children and a joint income of £76,267, have lost £2,330 a year on average.' (Times, 23 January) RD