{"id":28300,"date":"2021-10-28T12:47:10","date_gmt":"2021-10-28T12:47:10","guid":{"rendered":"https:\/\/www.banglanewsus.com\/english\/?p=28300"},"modified":"2021-10-28T12:47:10","modified_gmt":"2021-10-28T12:47:10","slug":"budget-2021-millions-will-be-worse-off-in-2022-says-ifs","status":"publish","type":"post","link":"https:\/\/www.banglanewsus.com\/english\/2021\/10\/28\/budget-2021-millions-will-be-worse-off-in-2022-says-ifs\/","title":{"rendered":"Budget 2021: Millions will be worse off in 2022, says IFS"},"content":{"rendered":"<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\"><b class=\"ssrcss-hmf8ql-BoldText e5tfeyi3\">Millions of people are set to be worse off next year amid spiralling costs and tax rises, says an economic think tank.<\/b><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The Institute for Fiscal Studies (IFS) said that inflation and higher taxes on incomes would negate small wage increases for middle earners.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Low-income households will also feel &#8220;real pain&#8221; as the cost of living is set to increase faster than benefit payments, it said.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i86\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The chancellor acknowledged in his Budget that families are under strain.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Millions of people are set to be worse off next year amid spiralling costs and tax rises, says an economic think tank. The Institute for Fiscal Studies (IFS) said that inflation and higher taxes on incomes would negate small wage increases for middle earners. Low-income households will also feel &ldquo;real pain&rdquo; as the cost of living is set to increase faster than benefit payments, it said. The chancellor acknowledged in his Budget that families are under strain.<\/p>\n","protected":false},"author":2,"featured_media":28301,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[30,2],"tags":[],"_links":{"self":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/28300"}],"collection":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/comments?post=28300"}],"version-history":[{"count":1,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/28300\/revisions"}],"predecessor-version":[{"id":28302,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/posts\/28300\/revisions\/28302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media\/28301"}],"wp:attachment":[{"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/media?parent=28300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/categories?post=28300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banglanewsus.com\/english\/wp-json\/wp\/v2\/tags?post=28300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}