Finance Bill

I would agree with the IFS that there are many more gainers from this package than losers. I cannot confirm the figure that the hon. Gentleman gives, for some of the reasons that he set out earlier. He will doubtless be familiar with the IFS’s analysis immediately after the Budget, which is available in slide form in a PowerPoint presentation on its website. It shows that the Budget package raises household incomes in every decile, and that the biggest proportionate increases are in the lowest three income deciles. I underline for the Committee the extent to which this Budget is consistent with the pattern of changes that we have made in the past 10 years. In particular, it improves the position of those on low incomes.