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Of course, tax and benefit measures being introduced in this financial year only constitute a small part of the overall fiscal tightening package.
"Around 24 million households will benefit and around 1.4 million will lose from modelled tax and benefit measures coming into effect this week – so more than 15 times as many will gain than will lose," the Treasury said.
Balls made his comments on the first day of the new tax year, when a raft of tax and benefit measures kick in, as tax thresholds are increased, child benefit and working tax credits are frozen and the rate of the childcare element of the working tax credit is reduced from 80%to70%0% of total costs.
It showed that the cumulative impact in cash terms for the bottom 10% of households from tax, tax credit and benefit measures in 2013-14 would result in a £200 reduction in incomes for the poorest group in society, although there will be a small increase for those on middle and upper-middle incomes.
If not, this needs to be taken into account when calculating the benefit measures.
Table 4 provides the comparison between the benefit measures of this paper and the three studies of interest described above.
Similar(35)
This gave workers in firms offering health benefits a tax benefit measured in thousands of dollars.
The Secretary General may visit the island this weekend, a strategically-timed visit for maximum benefit (measured in perceptions of UN strength and relevance rather than in lives saved).
The possible benefit measured on the HDRS is presumably small.
The primary benefit measure used in the model was the number of ulcer-months avoided.
A cost utility analysis employs gained quality adjusted life years as a benefit measure.
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