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Families lose out from Coalition Budget changes

An updated analysis from the Institute for Fiscal Studies suggests that the combined effect of all the tax and benefit changes effective from April 2012 would be an average loss of £511 per year for households with children. In Tax and Benefit changes, excluding those affecting mainly the very rich, the Institute for Fiscal Studies takes into account a long list of changes, some announced as long ago as the 2010 Budget but only coming into force now.

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