George Osborne’s budget speech rang very hollow with people who aren’t feeling any evidence of economic recovery. And the recovery, such as it is, appears to be based mainly on consumer spending, which is puzzling when so many people are struggling to make ends meet. But there may be several factors contributing to this spending which should sound alarm bells.
After the election, the Conservatives and the Liberal Democrats got together and agreed on a programme of what they would actually do together in government. On taxes, they agreed their priorities were to make taxes simpler, fairer, greener and more competitive.
The budget announced by UK chancellor George Osborne has been widely reported as appealing to pensioners and savers. Some measures, such as pensioner bonds, will indeed help sizeable numbers of older people. Yet for many people over retirement age, it is will not be good news overall.
As of 9.45am on Thursday 20 March 2014, the day after the Chancellor’s Budget statement, these were the comments and responses from the Churches in Britain that we were able to discover. Further updates will follow through Ekklesia’s ongoing reporting, commentary and analysis: http://www.ekklesia.co.uk/budget2014
"With fresh figures showing a return to economic growth over last year, George Osborne has a spring in his step. Growth is back, jobs are being created; his plan is vindicated in time for today's budget. There’s work still to do, but he’s building a 'resilient economy' he believes.
Budget measures announced by UK chancellor of the exchequer George Osborne include a cap on the overall amount spent on a range of social security measures. People who become severely ill or injured, or face other unexpected needs, may find their already low standard of living forced down, regardless of how much they have contributed to society.