Green Party reacts to the Autumn Budget: Papering over the cracks
Reacting to the Autumn Budget statement delivered by the chancellor Rachel Reeves today, Green Party Treasury spokesperson, Adrian Ramsay MP, said:
“Instead of delivering a transformational Budget to tax extreme wealth fairly and tackle the cost-of-living crisis, this Labour Government has once again chosen to paper over the cracks – with half-measures that won’t do enough to fix the deep-rooted problems in our economy that are keeping ordinary people in poverty while the super-rich get richer.
“The Chancellor spoke about asking everyone to make a contribution, but it is frankly inexcusable that she has made the political choice to squeeze households already struggling with the cost of essentials, whilst letting multimillionaires and billionaires off the hook.
“It is indefensible that the Chancellor is cutting vital home insulation funding, one of the best ways to lower bills.
“And whilst scrapping the cruel two-child benefit cap will be a huge relief to families across the country, it is unforgivable that it has taken 18 months for the Chancellor to acknowledge the terrible harm and distress this cap has caused to so many families. Far more action is needed to end the scandal of child poverty.”
Morning Star: The good, the bad and the ugly in the Labour Budget
https://morningstaronline.co.uk/article/editorial-good-bad-and-ugly-labour-budget
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So-called austerity is best understood as a massive transfer of wealth — from public to private, from the many to the few, as the fortunes of the super-rich ballooned while Britain endured the longest wage squeeze since the Napoleonic wars.
This is a grotesquely unequal country in which big banks and energy giants post the largest profits in their history, in which the richest 1 per cent own more than the poorer 70 per cent of the population put together, in which millions rely on foodbanks while the number of billionaires increased by a fifth during the Covid crisis alone.
When Reeves gives with one hand and takes away with the other — as PCS leader Fran Heathcote notes she does by offering a 1.7 per cent increase in departmental spending, while setting a 2 per cent savings target for those same departments — she cites pressure on the public finances that could be relieved easily through higher corporation tax, a financial transactions tax or a wealth tax. As Unite’s Sharon Graham notes, a 1 per cent tax on the richest 1 per cent would raise £25 billion, filling the so-called “black hole” in the budget at a stroke.
It is a choice to keep children in poverty with the two-child benefit cap, to pick pensioners’ pockets with the winter fuel payment cut and to continue Tory “reform” of the work capability assessment — estimated to cost over 400,000 people with mobility or mental health problems over £400 a month.
It is a choice to echo Tory hysteria over benefit fraud, when the amount lost to this is less than goes unclaimed in social security payments people are entitled to. Giving the Department for Work & Pensions power to remove money directly from bank accounts will likely increase non-take-up of benefits by people who need them but understandably fear their personal finances being exposed in this way.
And it’s a choice to hike the cost of a bus ticket by 50 per cent while maintaining a fuel duty freeze — when governments across Europe are making public transport cheaper because it is essential to reduce greenhouse gas emissions.
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https://morningstaronline.co.uk/article/editorial-good-bad-and-ugly-labour-budget
Tories fear losing half their seats in May local polls as pre-election budget flops
Victories in councils won during Boris Johnson’s ‘vaccine boost’ of 2021 face wipeout, leaving Rishi Sunak’s regime in peril
Senior Tories are braced for a catastrophic set of local elections that will see a collapse in council seats won at the peak of the “vaccine bounce” enjoyed by Boris Johnson.
Rishi Sunak’s allies regard the results as the most dangerous moment remaining for the prime minister before the general election. While many of Sunak’s Tory critics have little appetite for removing him, some said they were asking themselves: “What is there to lose?” after a pre-election budget that has failed to increase Conservative support.
Sunak, under pressure to explain how he would pay for his pledge to abolish national insurance contributions by the end of the next parliament, has expanded on the measures in the budget by announcing that he is preparing a new benefits squeeze to fund it.
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