The Impact of the November 1996 Budget on the Distribution of Household Incomes

Mike Chadwick, Cathal O'Donoghue, Gerry Redmond and Holly Sutherland

No MU/RN/23, Microsimulation Unit Research Notes from Microsimulation Unit at the Institute for Social and Economic Research

Abstract: In his Budget speech on 26 November 1996, the Chancellor of the Exchequer claimed he was not going to be a Santa Claus, nor was he going to be a Scrooge. In this paper we examine the extent to which these claims are true by looking at the distributional impact of some of the personal tax changes, combined with some changes to social security benefits to be implemented from April 1997.

Date: 1996-11-04
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