NewsBot
23-Nov-23, 12:40
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Chancellor Goes For Broke On Pre-election Giveaways, But Households Are Broke As They Get £1,900 Poorer Over The Parliament
The Chancellor yesterday delivered an Autumn Statement with a few big ticket pre-election giveaways, and welcome policy measures to address problems such as our tax system's bias against working-age earnings, our benefit system’s failure to keep pace with fast-rising rents, and firms’ weak incentives to invest. But the Autumn Statement failed to end a wider economic stagnation that, for the first time, will see households poorer at the end of the parliament than they were at the start, according to the Resolution Foundation’s overnight analysis of the Chancellor’s election-focused fiscal event. [Read Full Article (https://caithness-business.co.uk/article/22039)]
Chancellor Goes For Broke On Pre-election Giveaways, But Households Are Broke As They Get £1,900 Poorer Over The Parliament
The Chancellor yesterday delivered an Autumn Statement with a few big ticket pre-election giveaways, and welcome policy measures to address problems such as our tax system's bias against working-age earnings, our benefit system’s failure to keep pace with fast-rising rents, and firms’ weak incentives to invest. But the Autumn Statement failed to end a wider economic stagnation that, for the first time, will see households poorer at the end of the parliament than they were at the start, according to the Resolution Foundation’s overnight analysis of the Chancellor’s election-focused fiscal event. [Read Full Article (https://caithness-business.co.uk/article/22039)]