“…George Osborne unveiled the toughest Budget in a generation, but claimed it was also “fair” despite a controversial rise in VAT, a big squeeze on benefit payments and a 25 per cent cut in most areas of public spending.
Despite his assertions, some Liberal Democrats questioned the Chancellor’s claim to have delivered a “progressive Budget” …
… warning that the hike in VAT from 17.5 to 20 per cent in January … and massive spending cuts … would hit the poorest hardest…”
go to source/story>>>Lib Dems recoil at Osborne’s ‘regressive’ Budget – UK Politics, UK – The Independent
