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We need wealth taxes on the rich, not Tory austerity 2.0
RICHARD BURGON MP argues the labour movement must put wealth taxes at the heart of its alternative to Tory cuts
LOUD AND CLEAR: People’s Assembly Britain is Broken national demonstration in central London on November 5, 2022

IT NORMALLY takes a few days for the bad news in a budget to come to light. But the impact of this week’s Autumn Statement was immediately clear: the Tories are planning yet another assault on the living standards of the vast majority.

The outlook for the general economy is eye-wateringly bad — but for the living standards of the vast majority of people it is horrific.

The British economy is now in a recession that’s expected to last over a year. Ours is the only one of the major economies not to have recovered its pre-pandemic levels. It isn’t set to do so until the end of 2024.

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