Middle-income households have been left as much as £6,000 a year worse off by tax rises and child benefit cuts, the Institute for Fiscal Studies has said.
Families with two children and both parents earning £54,000 a year or more have been hardest hit by tax and benefit reforms since January 2010, the think tank’s analysis found.
Ed Miliband, the Labour leader, has repeatedly accused David Cameron of protecting the wealthy at the expense of the poorest households.
However, the IFS found that households earning a combined £108,000 have become £120 a week worse off over the past five years.
That’s not sodding middle class. A household income of £108k is well inside the top 10% of household incomes (the average of which is £88k or so I think?). You might call that professional upper middle class maybe, but it ain’t “the middle class”.