From missed opportunities to ‘Tory hot air’, trade unions weigh in on the Spring Budget announcements
Responding to Jeremy Hunt’s spring budget statement today, union leaders have shared their thoughts on what it will mean for workers across the UK, with warnings of deepening crises in their respective industries.
The Chancellor was condemned for failing to announce proper investment in public services, with trade union leaders accusing him of using “deeply cynical” pre-election “gimmicks”.
Union leaders had already warned the Chancellor of the need to provide extra cash for public services, as Jeremy Hunt has been blasted for falling well short of delivering for working people.
A budget totally out of step with what people want and need.
Today [yesterday] saw Chancellor Jeremy Hunt deliver his much-awaited Spring Budget. The stakes couldn’t be higher, with the economy in recession, millions struggling to make ends meet and a forthcoming general election.
In what is likely to be the last budget, and possibly the final fiscal event before the general election later this year, Hunt sought to present a rosy picture of the economy, one which is totally divorced from reality.
A budget totally out of step with what people want and need, opinion polls have repeatedly shown that the British public prefer investment in public services rather than tax cuts. There was no bold and radical plan to get the UK economy out of economic stagnation, to tackle poor productivity or to improve public services.
Image of the Green Party’s Carla Denyer on BBC Question Time.
“People can see through these pre-election tax bribes that will have to be paid for by cuts to our NHS and other vital public services,” says Green Party co-leader Carla Denyer.
Denyer said:
“People are crying out for investment in social care, in our NHS and in dentistry. We needed a ‘care full’ Budget but have ended up with a careless, reckless Budget.
“Chancellor Jeremy Hunt is attempting to bribe the electorate through tax cuts, which can only mean more pain for public services that are already on their knees.
“People won’t be richer, healthier or happier because of this Budget. People know a con when they see one.
“Councils are going bust up and down the country, NHS waits are getting longer, dentists can’t be found, while anyone travelling by train or bus, or visiting our town centres feels the lack of investment all around them.
“These headline tax cuts will do nothing to reverse the decade-long, real-terms wage freeze most workers have faced under successive Conservative governments.
“There is wealth in the UK, but it is distributed unfairly. Our economy is failing because our wealth, rather than circulating and benefiting everybody, is held in the stagnant assets of the super-rich.
“So, we needed a Budget that released the money available from a wealth tax to invest in the green jobs of the future, to cut NHS queues and restore nature and the places we live and work.
“That would have provided the vital public investment our country is crying out for.
“Now we have Labour huffing and puffing but offering no real alternative to being locked into a Conservative-forged cuts straitjacket.
“Thankfully, a General Election is coming where people can vote Green for the real change that will lead to a fairer, healthier and more caring country.”
Tories devastating record set to continue unless Budget delivers ‘desperately needed measures’ to recover living standards
In a bleak assessment of the Tories track record, the 2020s are on course to be the ‘second lost decade’ in living standards, a leading charity has warned the Chancellor ahead of his Spring Budget announcement.
Leading anti-poverty charity, Joseph Rowntree Foundation (JRF) published the damning report on Monday, warning that, without political intervention, this Wednesday’s budget risks condemning Britain to another decade of declining living standards.
Based on current government spending plans, working families could be £1,900 a year worse off by 2029 than in 2021. While essentials are predicted to remain less affordable relative to post tax earnings until 2029.
The cutting analysis of the UK’s economic trajectory is a warning to Jeremy Hunt that if he fails to deliver immediate measures to support living standards in the coming budget, then this will be the result.
Decisive intervention from policy makers is what the charity has urged, as it warned that many families will be poorer by the end of the 2020s than at the start. While the Chancellor must prioritise providing long-term economic security for households requiring “the right political will” to turn the situation around.
Currently, post-tax earnings are £2,400 a year lower for the average working family than they were in 2021, while essential goods and services for the average family are £270 a year more expensive than at the beginning of 2021, the JRF research found.
Image: The Spring Budget is due to be delivered on 6 March 2024 | Credit: iStock
MPs from Labour, Lib Dems, Green Party, SNP, Plaid Cymru, and Alliance have jointly called for a green investment-friendly Spring Budget on Wednesday
A group of cross-party MPs and peers have called on the Chancellor to prioritise new public investment in net zero infrastructure and skills in this week’s Spring Budget, in a move they argue would help to “futureproof our economy and our energy system”.
In a letter addressed to Jeremy Hunt on Friday, Parliamentarians from across political divides urged the Chancellor to “use the forthcoming Spring Budget to address the ongoing underinvestment crisis the UK is facing” by funnelling more public spending to help deliver on net zero goals.
It also calls on the government to publish a Net Zero Investment Plan in order to “identify and close the gap between actual and required financial flows” and help catalyse increased investment from the private sector.
And the letter calls on the Treasury to work with the Department for Energy Security and Net Zero (DESNZ) to set out a plan to ensure “every household has access to energy efficiency measures and fossil-free heat via a combination of grants and low-cost loans”.
