The IPPR Tax-Benefit Model shows that the higher someone’s income, the more they stood to benefit from the September 2022 tax-cutting measures announced the day before Chris Philp’s interview.
The Institute for Fiscal Studies (IFS) says that taking into account the tax changes those with an income above £155,000 will gain while those with an income below £155,000 will lose out.
The government is not trying to help people on lower incomes ‘in particular’. By far the biggest beneficiaries of Kwarteng’s “fiscal event” are Britain’s super-rich.
We emailed Chris Philp’s office offering him the chance to respond. The email was received, but no reply.