Tories plan to cut tax for millionaires further - while average families are £1,100 worse off | WHAT REALLY HAPPENED

Tories plan to cut tax for millionaires further - while average families are £1,100 worse off

George Osborne’s tax giveaway for millionaires has saved them an astonishing £85,000 each – while the average family has been left £1,100 a year worse off.

The out-of-touch Chancellor’s ­decision to slash the top rate of tax from 50p to 45p since 2013 means high-rollers on seven-figure salaries have seen their take-home pay swell.

But Labour analysis of figures from the HMRC shows changes in a series of areas since 2010 mean the average household in Britain is now almost £100 worse off every month.

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