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Chairman Andrew Tyrie and his Conservative colleagues criticised the IFS for failing to include George Osborne's minimum-wage rise in its usual post-budget distributional chart, which showed that the impact of the Treasury's £12bn in welfare cuts will fall most heavily at the lower end of the income scale.
After the budget, the Institute for Fiscal Studies analysed the distributional impact of the changes being introduced today.
Here is the IFS presentation with its distributional analysis of the budget (pdf).
Fiona Mactaggart (Labour) asks Cameron to publish tables showing what the distributional effects of the budget will be in future years.
Secondly, the Treasury has had to include national insurance rises implemented by Labour in the March budget – strip those out and the distributional impact is very different.
This is clearly shown by the IFS's distributional analysis of the budget, which splits Britain into 10 deciles, ranging from the poorest through to the 10% richest households.
They are also making it clear that the distributional effect of the budget as a whole must be seen to be progressive in that the rich pay more than the poor.
Seizing on the pledge by the prime minister, Theresa May, to create a fairer society, Andrew Tyrie MP, the Conservative chair of the Commons Treasury select committee, said the government must bring back its practice of publishing a detailed distributional analysis in future budgets and autumn statements.
The IFS has now published its distributional impact analysis of the budget (pdf).
The one big issue that is largely missing from Ms. Meeker's analysis is careful consideration of the distributional implications of the U.S. budget crisis and its likely solutions.
This is the key table from the distributional impact assessment in the Treasury's budget documents showing who will pay as a result of this budget.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com