Philip Hammond urged to shelve tax cuts and help poorer families

Photo of Philip Hammond urged to shelve tax cuts and help poorer families
Facebook
VKontakte
share_fav

Chancellor should use first autumn statement to shield those on low incomes from Brexit impact, says thinktank

Philip Hammond should cancel planned tax cuts for businesses and wealthy households in his autumn statement this month and instead take action to shield poor families from the impact of Brexit, the Resolution Foundation thinktank has said.

With his first major set-piece statement as chancellor due on 23 November, Hammond is under pressure – including from MPs on his own backbenches – to alleviate the looming double blow to living standards from rising inflation and a series of benefits cuts that will bite in the year ahead.

Related: Philip Hammond could face £84bn black hole following Brexit vote

Related: UK faces £14bn shortfall in public finances, warns IFS

Related: Plans to freeze benefits for four years 'will hit 7 million children'

Continue reading...
view The Guardian: Economics
#benefits
#tax and spending
#autumn statement 2016
#universal credit