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Page last updated at 07:20 GMT, Wednesday, 25 August 2010 08:20 UK

Treasury defends 'progressive Budget'


Fresh analysis of the coalition government's first Budget has concluded that low income families are among the biggest losers from the measures announced in June.

Research by the Institute for Fiscal Studies found that the poorest households will see their annual incomes fall by about 5% cent on average by 2014.

Financial Secretary to the Treasury Mark Hoban gave his response to the the report on the Today programme, challenging the IFS's "selective analysis".

"We are the first government to produce a detailed distribution analysis of our budget measures," he told Justin Webb.

"We went much further than any previous government has gone in explaining how our measures would impact on people, why it's a progressive budget, and we stand by that robust analysis."

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