Fiscal policy

Meeting: 
MQT on 2015-03-25
Session date: 
March 25, 2015
Reference: 
2015/1091
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Given your responsibilities for economic development and equality, are you concerned by the findings of the recent joint report, 'Social Policy in a Cold Climate', which found that the Government's tax and spend policies have had a "regressive" impact by redistributing money towards higher earners whilst reducing the incomes of the poorest households? Will you ask GLA Economics to explore this in more detail so that the impact in London can be assessed in more detail?

Answer

Answer for Fiscal policy

Answer for Fiscal policy

Answered By: 
The Mayor

I do not recognise this assessment of the national Budget. I continue to take steps to ensure that the most vulnerable in our society can participate in London's success.