I’m disappointed with today’s Autumn Statement, which did little to address the concerns of people struggling to get by after six years of austerity in Tory Britain.
This is not a budget that will deliver for working people and, despite the rhetoric, announcements such as the increase in National Living Wage will do little to offset the damage already being caused by repeated welfare cuts.
Social security changes announced since June 2010 are expected to cut around £45 bill…ion by 2020-2021 and a “£1 billion boost” will do little to offset this. Additionally, the Resolution Foundation have shown that average earnings are projected to be £830 lower in 2021 than forecast in March.
The Chancellor’s statement also did nothing to reassure businesses about the uncertainty caused by the absence of a UK Government plan for Brexit. Sadly, he also failed to rule out the threat of a hard Tory Brexit and Scotland being dragged out of the Single Market.