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Tax system does help reduce UK's inequality problem, says report

21 days ago   |   By The Guardian

IFS study shows Conservatives wrong to plan tax cuts, says John McDonnell The UK tax system does help reduce the country's wealth inequality problem, according to a report released on Monday by the Institute for Fiscal Studies, but benefits still do most of the heavy lifting. The findings were seized on by the shadow chancellor, John McDonnell, who said the IFS's evidence showed that the government was wrong to plan tax cuts.
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Experts say UK's tax system 'significantly' cuts gap between high and low earners

Experts say UK's tax system 'significantly' cuts gap between high and low earners

21 days ago   |   By Daily Mail

The UK tax system does reduce inequality and help redistribute wealth leading economists have said. The top 20 per cent get 12 times more than the bottom fifth before tax, but only five times more after.
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