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<p>Since 2010 there are 600,000 fewer people in absolute poverty, including 200,000
fewer children. Income inequality has also fallen since 2010. HM Treasury publishes
regular analysis of the distributional impact of government tax and spending policy
on household incomes. The most recent analysis was published alongside Autumn Budget
2017, which show that all households, except the top 10%, are better off on average
as a result of this Chancellor’s decisions. The analysis also shows that Government
policy is highly redistributive: in 2019-20, the lowest income households will receive
over £4 in public spending for every £1 they pay in tax, while households in the highest
income decile contribute over £5 in tax for every £1 they receive in public spending.</p><p>
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