economy

Tories will preside over the first parliament in modern history to see a fall in living standards, damning analysis finds

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https://leftfootforward.org/2024/03/tories-will-preside-over-the-first-parliament-in-modern-history-to-see-a-fall-in-living-standards-damning-analysis-finds/

That’s the Tory record in office, declining living standards with workers left worse off.

The Conservative government will preside over the first parliament in modern history to see a fall in living standards, damning analysis from the Resolution Foundation has found, after Jeremy Hunt’s budget yesterday.

In what is likely to be the last budget, and possibly the final fiscal event before the general election later this year, Hunt’s budget which prioritised tax cuts for the wealthy while doing very little to help those most in need, has been slammed for being out of touch and designed more to save the Conservative Party’s own skin than help the country.

Now damning analysis by the Resolution Foundation think tank has found that the Tories will preside over the first parliament in modern history to see a fall in living standards.

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https://leftfootforward.org/2024/03/tories-will-preside-over-the-first-parliament-in-modern-history-to-see-a-fall-in-living-standards-damning-analysis-finds/

Continue ReadingTories will preside over the first parliament in modern history to see a fall in living standards, damning analysis finds

Cross party group of MPs call for green Spring Budget to tackle ‘underinvestment crisis’

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https://www.businessgreen.com/news/4180633/cross-party-group-mps-green-spring-budget-tackle-underinvestment-crisis

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”.

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https://www.businessgreen.com/news/4180633/cross-party-group-mps-green-spring-budget-tackle-underinvestment-crisis

Continue ReadingCross party group of MPs call for green Spring Budget to tackle ‘underinvestment crisis’

The public think everything has got worse under the Tories, a new poll has found

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https://leftfootforward.org/2023/09/the-public-think-everything-has-got-worse-under-the-tories-a-new-poll-has-found/

Image of InBedWithBigOil by Not Here To Be Liked + Hex Prints from Just Stop Oil's You May Find Yourself... art auction. Rishi Sunak, Fossil Fuels and Rupert Murdoch appear.
Image of InBedWithBigOil by Not Here To Be Liked + Hex Prints from Just Stop Oil’s You May Find Yourself… art auction featuring Rishi Sunak, Fossil Fuels and Rupert Murdoch.

Rishi Sunak’s government gives of the strong odour of failure. From the cost of living crisis to collapsing school buildings and from high interest whacking mortgage holders to shocking NHS waiting lists, there’s a growing sense that Britain under the Tories just isn’t working.

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The poll, reported first by Byline Times shows that the public think the Tories are failing on almost every major issue. It’s damning stuff. Here are the results:

  • 61% of voters say public services overall have got worse under the Tories
  • 67% say the NHS has got worse under the Tories
  • 54% say schools have got worse under the Tories
  • 49% think crime has increased under the Tories (with just 8% thinking it’s gone down)
  • 53% think the UK is doing worse than other similar countries economically

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https://leftfootforward.org/2023/09/the-public-think-everything-has-got-worse-under-the-tories-a-new-poll-has-found/

Continue ReadingThe public think everything has got worse under the Tories, a new poll has found