Budget 2018: 'Squeeze continues' for lower-income families

The era of austerity is not over for working families on benefits or government departments like transport, according to one of the first independent analyses of the Budget.

The Resolution Foundation said Philip Hammond had delivered £55bn in tax cuts and increases in public spending.

It said that richer households would feel the most positive effects.

However, the report highlighted that many of the cuts to welfare announced in 2015 are still to be rolled out.

That includes the £1.5bn benefits freeze for people in work which the foundation said would see a low income couple with children up to £200 a year worse off.

The Resolution Foundation, a not-for-profit research and policy organisation, said it was the top 10% of households that would gain most - around £410 a year - from the decision to increase the amount people can earn before they start paying income tax and the higher rate of tax.

Poorer households would gain around £30 a year.

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https://www.bbc.co.uk/news/business-46028792