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The National (Scotland)
The National (Scotland)
National
Laura Webster

UNBELIEVABLE: Richest 5 per cent to get richer while 95 per cent get poorer under tory plans | History Defined

Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng during a visit to Berkeley Modular in Northfleet Kent

THE Tory government's huge package of personal tax cuts amid the cost-of-living crisis will do nothing to stop more than two million people falling below the poverty line, according to a think tank.

Analysis of Kwasi Kwarteng’s fiscal statement by Resolution Foundation said “only the very richest households in Britain” will see their incomes grow as a result of the most significant tax cuts in 50 years.

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