Today, The Chancellor of the Exchequer George Osborne MP announced his 2016 Budget.
The budget included announcements that tax-free income will rise to £11,500 by April 2017, and the higher rate tax threshold will increase to £45,000. Amongst other policies, the Chancellor announced the introduction of a ‘Lifetime ISA’ for people under 40 and of a sugar tax on the soft drinks industry, and fuel duty has been once again been frozen.
Studies have shown that every budget since 2010 have hit the poorest the hardest. Child poverty is set to rise by 50% by the end of this government.
No comprehensive equality analysis has been performed on any Budget or Spending Review since 2010.
Speaking on the subject, Kate says:
“Whilst I welcome certain measures in the budget – such as the fund to help rough sleepers and additional money to support domestic violence refuge services, this budget is once again hitting the poorest the hardest through its public spending cuts and destroying our public services. Our local councils are facing budget cuts of 79%.
George Osborne did nothing to make up for the fact that 81% of tax and benefit changes have come from the pockets of women. Despite calls to ringfence domestic violence services, no such commitment has been made.
This budget was a wasted opportunity to alleviate the disproportionate impact that government policies have had on the poorest in our society and set things right. The Chancellor has done nothing of the sort.
Instead, it is more of the same. He’s helped the rich get richer through raising the higher rate tax threshold, whilst cutting the Personal Independence Payment – a vital lifeline allowing disabled people to live independently – by a total of £1.2bn.
This is yet another unfair and politically motivated budget.”