Budget 2021 Live: ���many To Face Living Standards Squeeze��� Despite Sunak Spending Pledges ��� As It Happened

Mick Whelan, general secretary of the train drivers’ union

Aslef, said: “It’s a confidence trick, because it’s not new money - or even a new announcement - it’s just a rehash of money that has already been promised, and already allocated, dressed up to make the vhancellor look good. On the eve of Cop26, cuts to air passenger duty send out all the wrong signals.”

Kitty Ussher, chief economist at the

Institute of Directors, said the crucial test was whether the budget gave business the confidence to invest, adding: “The chancellor’s business rates and R&D tax credit reforms are welcome, but with hefty hikes in other taxation on the horizon that may not be enough to convince business leaders to press go on their plans for growth.”

Tony Danker,

CBI director general, said: “The chancellor has shown a genuine willingness to listen to business with measures that will get firms innovating and help the economy to grow. It takes several positive steps forward, but isn’t bold enough to deliver the high investment, high productivity economy the government seeks.

Shevaun Haviland, director general of the

British Chambers of Commerce, said: “The chancellor has listened to Chambers’ long-standing calls for changes to the business rates system and this will be good news for many firms. It will provide much-needed relief for businesses across the country, giving many firms renewed confidence to invest and grow.”

TUC general secretary Frances O’Grady said: “The chancellor has gone from pay freeze to pay squeeze. Millions of key workers who saw us through the pandemic will still be worse off than they were in 2010. That puts vital services under pressure as even more staff leave, and it risks the recovery. He should have announced fair pay deals for whole industries, negotiated with unions, designed to get pay and productivity rising in every sector.”

And

Unite general secretary Sharon Graham said: “The chancellor’s statement makes it clear that the government wants workers to pay for the pandemic. Their incomes are under attack from tax rises and inflation while the super-rich will continue to prosper. That is not acceptable.”

Source : https://www.theguardian.com/politics/live/2021/oct/27/autumn-budget-2021-rishi-sunak-spending-review-borrowing-live-updates

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Budget 2021 live: ‘many to face living standards squeeze’ despite Sunak spending pledges – as it happened

Source:The Guardian

Budget 2021 live: ‘many to face living standards squeeze’ despite Sunak spending pledges – as it happened

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Source:Daily Mail

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Budget 2021 live: ‘many to face living standards squeeze’ despite Sunak spending pledges – as it happened

Source:The Guardian

Budget 2021 live: ‘many to face living standards squeeze’ despite Sunak spending pledges – as it happened