Hit on the lower paid in our society.Minimum wage/ living wage, increase, won't cover the losses in Tax credit and increase cost of products due to wage bills raising. People need support now, not in 2020.
Mr Osborne also announced the creation of a roads fund, so that the money collected could be used to improve conditions for drivers.
Long overdue but it'll be years before we notice a difference.
A lot of our roads are a national disgrace.An embarrassment.
Given how much cash the motorist contributes to the Treasury, it's only fair to expect a to be able to drive 100 yds through town without having to avoid a pothole.
Having said that, I'm guessing local road issues fall under council jurisdiction and those bosses are probably too busy gorging on their fat pay packets/pensions to worry about spending a few quid on the roads.
Have to start somewhere.
A great many people need to be able to support themselves and not rely on other tax payers to do so.
The chancellor is giving a bit with one hand and taking a bit more with the other.
Expect this to continue for years until the balance is right.
Only those (disabled, terminally ill etc) should receive substantial support (and perhaps they will if millions of others are weaned off support), not those who will just have to make a few lifestyle changes or strive for a better job.
The trouble is, Osborne is pulling the rug out from underneath people without tapering the changes so that people can transition successfully. Just saw a tweet via Skynews that the increase in wages might prompt the Bank of England to rise interest rates sooner.
Why do you think that? What are we supposed to be saying that will make you think we care?
Yep you can see his mindset, very literally everybody can retrain and be trained like computers, somewhat lacks emotional intelligence! You canguarantee people will be worse off, once the interest raises and the associated costs are factored, those who can afford least will always pay more.I'm glad I'm not 18 years old.
Except, more of tax credits is paid to those working than not, those working will be hit the hardest. The so called national living wage is lower than what they say you need in London so with the freezing of working tax credits its a double whammy.
Under 25 and thrown out of local care, tough.
Come from a low paid family and want to go to Uni, tough, no more grants, you have have to paid it back.
How the hell is any of that going to help the low paid get further up the ladder.
Recognising that those who are vulnerable have taken a bigger share of the burden than others and continue to do so. I'm guessing the pressure on NHS Mental Health Services will increase, no sign of extra money being pumped into the service.
Alan
Have you looked at the actual figures? The NMW would not have been much lower than that and with the freeze on working tax credits for the next 4 years in real terms it is a cut in wages.
Well if this is correct it -
Double whammy time.