Families do not feel economic system has ‘turned a nook’ regardless of Jeremy Hunt’s boast
Families don’t really feel the economic system has “turned a corner” as they’re nonetheless struggling to make ends meet regardless of the Chancellor’s boasting.
Jeremy Hunt has been on a victory lap after figures confirmed costs weren’t rising as quick as they’d been, though payments are usually not coming down. Fewer than one in six (16%) of voters assume their private funds will enhance over the following six months, in accordance with a brand new ballot.
More than double that quantity (38%) frightened their state of affairs will worsen this winter, the polling commissioned by Stop the Squeeze marketing campaign group suggests. It provides the cost-of-living disaster stays one of many prime issues of voters.
Speaking final week as inflation figures fell to 4.6% in October from 6.7% the earlier month, Mr Hunt claimed: “We have turned a corner in a big way this week with the inflation halving”.
Lindsey MacDonald, CEO of the Magic Breakfast, a charity delivering free breakfasts to high school kids going through starvation, mentioned many households “no longer have any resources left to manage”.
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She mentioned: “The slowing of price increases, shown in October’s inflation figures is welcome. However, unless there’s concerted investment and support, for the lower paid and people reliant on benefit payments; we will continue to have shamefully large numbers of children, families and vulnerable people cold, hungry and without resources to change this.”
Sara Hall of Tax Justice UK added: “The Chancellor could raise tens of billions to spend on the things that matter most by ensuring the very richest in the UK pay their fair share.
“It is time the federal government obtained severe about correctly taxing these with probably the most, and ending Britain’s unfair tax system that gives loopholes to the super-rich and the wealthiest corporations. “Despite being among the richest countries, far too many people in Britain are living in fear of bills coming through the letterbox each month.”
Stop the Squeeze group is calling on the government to tackle the cost-of-living crisis by raising taxes on wealth and guaranteeing affordable energy. Opinium Research carried out an online survey of 2,056 UK adults aged 18+ from 15th to 17th November 2023.
