article_snippet: The figures come ahead of George Osborne final Budget before the election, with Labour warning Labour lay bare the full extent of the government's failure to fix the economy.
article_snippet: At the same time the tax reductions of 48 billion include £8 billion from raising the personal threshold for income tax, £5.9 billion in cuts to corporation tax and £3.9 billion from real-terms reductions in fuel duties.
article_snippet: Deputy PM Nick Clegg said: ‘The main thing the government can do is just take less of your money away from you.
article_snippet: ‘I very much want to give the biggest possible Workers’ Bonus to millions of people on middle and low incomes.'
article_snippet: Unless the phenomenon known as 'fiscal drag' is dealt with, the number of families losing some or all of their child benefit will double within a decade, the report predicted.
article_snippet: Labour's shadow chancellor Ed Balls said the Tory idea that cutting taxes for a few at the top means wealth will trickle down to everyone else hasn’t worked .
article_snippet: Labour's shadow chancellor Ed Balls told the Standard: 'The old Tory idea that cutting taxes for a few at the top means wealth will trickle down to everyone else hasn’t worked.
article_snippet: And once again, a Tory Chancellor is giving with one hand but taking away much more with the other. '
article_snippet: No pre-election tax cut can mask the £1,127 a year which the Institute for Fiscal Studies (IFS) says families have lost because of tax and benefit changes since 2010 — from higher VAT to cuts to tax credits.'
highlights_snippet: At the same time tax cuts will have saved the country only £48billion .
  