From the TUC

A short-term Budget to shrink the state and help the rich

19 Mar 2014, by in Economics

George Osborne’s speech today was a pre-election budget, with a number of short-term give-aways clearly aimed at the better off, rather than seeking to lift the living standards of the many.

It’s a choice that will be paid for by further years of austerity, public services brought to near collapse, public sector pay cuts and a welfare cap that bites into the safety net that any of us might need.

There was nothing in the Chancellor’s announcement for the young, who continue to face the worst job market in decades and unaffordable housing.

Nor was there any relief for low and middle earners who, who after years of falling living standards have no spare cash to take advantage of the help for savers and who now face year on year cuts in working family benefits as the welfare cap bites.

The best news for the long term health of the economy is the genuine help for manufacturing, but it was the exception in this highly political short-term budget that continued the Chancellor’s project to shrink the state and help the rich. 

2 Responses to A short-term Budget to shrink the state and help the rich

  1. Budget 2014 – two cheers for the Department for Business | ToUChstone blog: A public policy blog from the TUC
    Mar 19th 2014, 3:04 pm

    […] we welcome these announcements. They come in the context of a Budget in which, as Frances has blogged, offers some short-term give-aways to the better off, rather than lifting the living standards of […]

  2. Ed Miliband’s response to the Budget: full text | kittysjones
    Mar 20th 2014, 2:23 pm

    […] 21. Labour will repeal clause 119. Further reading: What Labour Achieved The Great Debt Lie and the Myth of the Structural Deficit The mess we inherited” – some facts with which to fight the Tory Big Lies A short-term Budget to shrink the state and help the rich […]