Government needs to do more for 1 in six children in total poverty

Major charities have come together to criticise the inaction and damaging domestic policies of David Cameron and Nick Cleggs Tory-Liberal coalition government.

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Over the last year 300,000 more families have fallen into extreme hardship, with their net family income at less than £250 per week or less

Anne Marie Carrie Chief Exec of Barnardo’s said the government was not doing enough to help families ‘at the tipping point between hardship and crisis’, she continued ‘families already budgeting on a shoe string, squeezed by the rising price if essentials and high childcare bills. Tis year many households will be pushed into financial chaos when the cap on benefit increases takes effect, compromising the health and life chances of children.’

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#Budget: The increase in the personal tax allowance will mean an income boost of just 32p a week for most of the lowest earning income tax payers.

Today the Chancellor announced a further increase in the personal tax allowance. He claims helps struggling families. But who benefits most?

 

Tax relief not supportive

The rise in the personal tax allowance mainly benefits the top income deciles. as shown by this chart produced by the Resolution Foundation: http://www.resolutionfoundation.org/blog/2013/Mar/20/easing-squeeze-tax-cut-all/

This policy does not help those at the bottom much because they either don’t pay tax, or get most of any extra allowance tapered back as their Housing Benefit and Council Tax Benefit is cut. The regressive nature of the policy is show in this Resolution Foundation chart.

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AP: Chavez should of built sky-scrapers rather than feed his people

AP: Chavez Wasted His Money on Healthcare When He Could Have Built Gigantic Skyscrapers

By Jim Naureckas

One of the more bizarre takes on Venezuelan President Hugo Chavez’s death comes from Associated Press business reporter Pamela Sampson (3/5/13):

Chavez invested Venezuela’s oil wealth into social programs including state-run food markets, cash benefits for poor families, free health clinics and education programs. But those gains were meager compared with the spectacular construction projects that oil riches spurred in glittering Middle Eastern cities, including the world’s tallest building in Dubai and plans for branches of the Louvre and Guggenheim museums in Abu Dhabi.

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