Impact on households: distributional analysis to accompany Budget 2014

Document type
Report
Corporate author(s)
Great Britain. Treasury
Publisher
HM Treasury
Date of publication
19 March 2014
Subject(s)
Social Policy, Poverty Alleviation Welfare Benefits and Financial Inclusion
Collection
Social welfare
Material type
Reports

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The government has published regular distributional analysis of the impact on households of its reforms to tax, tax credits, benefits and public spending. It analyses the effects of the government’s policies on a cumulative basis, which means that it includes measures from all fiscal events since June Budget 2010, up to and including Budget 2014. It also includes changes that were announced before June Budget 2010 that have been implemented by the government.

The government uses a wide range of modelling tools and data to assess the impact of individual measures on households. Considering the impact of these measures on a combined basis presents a trade-off between how accurately a single source of analysis can show the cumulative impact of policy changes and how complete a picture it can provide. This document recognises this trade-off by presenting two levels of analysis: 

  • broad analysis of changes to public service spending, taxes, tax credits and benefits that directly affect households, on a quintile basis
  • where a finer level of detail is possible, more precise – though less comprehensive –
    analysis of changes to taxes, tax credits and benefits that directly affect households,
    on a decile basis

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