fizkes/ShutterstockThere is a poverty crisis in the UK. But when outlining his 110 growth measures aimed at getting “the British economy working” during his autumn statement, the chancellor’s measures to tackle the cost of living crisis were limited to economic support payments focused on short-term wins.
We argue that raising living standards should be seen as a long-term investment in the UK’s future, not a short-term capital expenditure.
On November 16 2023, fans of Everton FC may have been reasonably satisfied about how the football season was shaping up. They were 14th in the English Premier League, and had recently recorded wins against West Ham and Crystal Palace.
Natee Meepian/ShutterstockAt first glance, Chancellor Jeremy Hunt’s autumn statement appears to reduce the tax burden, increase pay and make our lives a bit easier. But given the cost of living and other pressures, the big picture is not as pretty. If you’re a young professional, here’s what the changes could mean for you.