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The Impact of the November 1996 Budget on the Distribution of Household Incomes

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  • Chadwick M
  • O'donoghue C
  • Redmond G
  • Sutherland H

Abstract

In his Budget speech on 26 November 1996, the Chancellor of the Exchequer claimed he was not going to be a Santa Claus, nor was he going to be a Scrooge. In this paper we examine the extent to which these claims are true by looking at the distributional impact of some of the personal tax changes, combined with some changes to social security benefits to be implemented from April 1997.

Suggested Citation

  • Chadwick M & O'donoghue C & Redmond G & Sutherland H, 1996. "The Impact of the November 1996 Budget on the Distribution of Household Incomes," Microsimulation Unit Research Notes MU/RN/23, Microsimulation Unit at the Institute for Social and Economic Research.
    • Handle: RePEc:ese:msimrn:mu/rn/23
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    File URL: http://www.iser.essex.ac.uk/files/msu/publications/pdf/rn23.pdf
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