
Prem Sikka: We’re in the latest stage of a right-wing coup that began in the 1970s
‘The right-wing coup is no respecter of democracy. ‘
‘The right-wing coup is no respecter of democracy. ‘
‘The low paid get just £550 in government help, despite facing £1,300 rise in fuel bills not to mention other costs’.
The biggest winners are corporations and the rich. As a result, the government’s borrowing will surge from £72.4bn, to £234.1bn, but won’t provide details of the impact on current and future generations.
There was more in this mini budget for bankers than there was for children living in poverty.
‘My brief visits to pawnshops are by no means a scientific study, but they do provide a glimpse of the tragedies inflicted by years of maldistribution of income and wealth, poverty, inequalities and obsession of privatisation which has left many teetering on the edge.’
So much for levelling up…
Among the hardest hit groups will be pensioners, with 86.4% of pensioner couples expected to fall into fuel poverty, along with 90.4% of lone parents with two or more children.
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Real household disposable income growth for working-age families averaged just 0.7 per cent a year in the 15 years leading up to the Covid-19 pandemic.