to help get the country through it. a plan which as we saw yesterday has really worked. here are the key things we learnt. the economy is doing better than some thought, and the government s going to spend the extra money that it raises in taxes. prices are going up and are likely to for some time. the recent cut in universal credit won t be reversed, but workers who get it will be able to keep more of it as they earn more. and there ll be a 50% discount in business rates in england for the retail, hospitality and leisure sectors starting next year. if you look at the cost of living which is a real challenge for families and pensioners around the country right now if you look at the tax system, which burdens working people and gives a tax cut to bankers, or if you look at economic growth that, by the end of this parliament, is set tojust be 1.3% it s certainly not the sort of budget i would have delivered. the chancellor got some really
if you look at the cost of living which is a real challenge for families and pensioners around the country right now if you look at the tax system, which burdens working people and gives a tax cut to bankers, or if you look at economic growth that, by the end of this parliament, is set tojust be 1.3% it s certainly not the sort of budget i would have delivered. the chancellor got some really good news for the public finances yesterday. lower borrowing because the economy s doing slightly better than we all thought six months ago that s really good news but good news for public finances, wasn t good news household finances because higher inflation that actually helped the chancellor with his borrowing figures is obviously hurting household budgets and that s why the office for budget responsibility expects household incomes and, actually, wages to actually not grow at all next year, so that s really bad news for everyone worrying about their own budgets.
discount in business rates in england for the retail, hospitality and leisure sectors starting next year. if you look at the cost of living which is a real challenge for families and pensioners around the country right now if you look at the tax system, which burdens working people and gives a tax cut to bankers, or if you look at economic growth that, by the end of this parliament, is set tojust be 1.3% it s certainly not the sort of budget i would have delivered. the chancellor got some really good news for the public finances yesterday. lower borrowing because the economy s doing slightly better than we all thought six months ago that s really good news but good news for public finances, wasn t good news household finances because higher inflation that actually helped the chancellor with his borrowing figures is obviously hurting household budgets and that s why the office for budget responsibility expects household incomes and, actually, wages to actually not grow