We need an emergency Budget – but there's no relief in sight
BRITAIN needed an emergency Budget today, one that addressed the profound crises facing local authorities, healthcare, education, you name it.
It got nothing of the sort. A scattering of headline investments like the “NHS productivity plan,” focused on IT systems and ignoring the staff shortages that have led to waiting lists seven million long.
A 2p cut to National Insurance that benefits higher earners more and, by reducing the tax take, tightens the funding squeeze on essential services. Bigger cuts to capital gains tax, incentivising the property speculation that has helped drive the housing crisis.
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