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autumn statement

This tag is associated with 3 posts

It’s not even jam tomorrow. But at least we now know austerity was nonsense.

JUST as the Chancellor, Philip Hammond, was approaching peak boredom after speaking for more than an hour and a quarter, the nation suddenly woke up. “I am going to abolish the Autumn Statement”, he announced. Great!  An end to the annual exercise in self-serving public relations that was turned into an alternative Budget by the … Continue reading

Tax credit cuts have only been postponed – all the more reason to oppose them.

U-TURN if you want to, the Chancellor is for turning. There are many lessons from last week’s epic policy reversal by George Osborne on tax credits, but the most important is that civic action and intelligent opposition can force important concessions, even from this most right-wing of Conservative governments. If the arguments are right, ministers … Continue reading

Osborne is guilty of creative accounting on an epic scale. But at least those tax credit cuts are stopped

Budgets that look good on the day generally come apart by the weekend. Yesterday’s speech from the Chancellor was technically a spending statement but the same rule applies. However, the positive impact of George Osborne’s biggest ever U-turn may last a little longer. The tax credit reductions that could have left the poorest families in … Continue reading

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