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<p>At each fiscal event HM Treasury has regularly published distributional analysis
of the impact of tax, welfare and spending decisions on households.</p><p> </p><p>The
aim of the government’s distributional analysis is to present a comprehensive picture
of the net effect of tax or welfare changes on household incomes, as well as the impact
of public spending decisions, in the round. As each policy decision will have a different
effect on households, presenting the total impact over a relatively long time period
provides a more robust, comprehensive and stable approach than looking at every policy
individually.</p><p> </p><p>Distributional analysis published at Spring Statement
2022 shows that in 2024-25, the tax, welfare and spending decisions made since Spending
Round 2019 (SR19) will have benefitted the poorest households most (as a percentage
of income). The impact of government policy since SR19 on the bottom four deciles
is expected to be worth more than £1,000 a year, while there will have been a net
benefit on average for the poorest 80% of households.</p><p> </p>
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