New research by the Fabian Society shows generous tax breaks gain created a ‘shadow welfare’ for UK’s wealthiest 20%The wealthiest 20% of Britain’s earners will receive almost as much support from the state through the shadow welfare” of generous tax-breaks by 2020,as the poorest fifth recall domestic in benefits, according to a new analysis by the Fabian Society.
Iain Duncan Smith used his resignation letter from the cabinet to criticise the March budget as “unfair, and ” for juxtaposing reductions in benefits for the disabled with tax cuts for some of the wealthiest in society.
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Source: theguardian.com