Deputy Prime Minister Nick Clegg, standing in for David Cameron, was forced to defend the budget. He told the BBC the report was 'by definition, partial'. He said, 'It does not include the things we want to do to get people off benefits and into work.'
The IFS report was commissioned by the End Child Poverty campaign.
The analysis by the IFS takes account of the impact of all the budget's changes up to 2014, analyses the June 2010 Budget changes separately from those announced previously and includes changes to Housing Benefit and Disability Living Allowance.
It found that the poorest families with children lose more than any other group and are set to lose five per cent of their income.
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