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🧵We need a real plan for an affordable Britain. Here’s how the Chancellor can use his #AutumnStatement to #StopTheSqueeze by:
đź’ˇ Guaranteeing affordable energy
đź’· Boosting incomes
⚖️ Raising taxes on wealth
đź’ˇ Guaranteeing affordable energy
đź’· Boosting incomes
⚖️ Raising taxes on wealth
The Chancellor is set to raise the energy price cap to as much as ÂŁ3,100 this morning. And with the Energy Price Guarantee ending in April, energy bills will become even less affordable for millions.
theguardian.com/politics/2022/…
theguardian.com/politics/2022/…
But the Chancellor has an option to guarantee affordable energy. Not just for now, but for the long term.
He can do this by:
âś…Reforming our broken energy market
âś…Ending profiteering
âś…Driving a rapid acceleration of investment in cleaner technologies
He can do this by:
âś…Reforming our broken energy market
âś…Ending profiteering
âś…Driving a rapid acceleration of investment in cleaner technologies
🗞️NEW: 120 Economists have called on the Chancellor to use the Autumn Statement to invest our public services, social safety net, and clean energy infrastructure and to avoid the 'economic self harm' of spending cuts.
politico.eu/newsletter/lon…
politico.eu/newsletter/lon…
The economists say that government needs to listen to organisation like the IMF and learn the lessons of failed austerity after 2008, where spending cuts worsened the recession and caused lasting economic and social damage.
bbc.co.uk/news/uk-635822…
bbc.co.uk/news/uk-635822…
Supporting people and the economy to overcome this crisis as quickly as possible should be the priority of government economic policy at this time: “Household finances across the country are in crisis, our public finances are not.”
See @IPPR's briefing: ippr.org/research/publi…
See @IPPR's briefing: ippr.org/research/publi…
Most of us haven’t had a proper pay rise for a decade. The nation’s safety net has been slashed.
Our budgets are being squeezed like never before.
We need a new plan.
That’s why we’re launching #StopTheSqueeze - a real plan for an affordable Britain.
stopthesqueeze.uk
Our budgets are being squeezed like never before.
We need a new plan.
That’s why we’re launching #StopTheSqueeze - a real plan for an affordable Britain.
stopthesqueeze.uk
We’ve seen big price hikes in food, energy and other essentials while wages and social security payments have fallen in value. This has left many people struggling to stay afloat, forced to choose between heating our homes and feeding our kids.
This squeeze of our household budgets is the result of choices made by the politicians running our economy. But they have the power to make different choices. And solutions exist that are fair, realistic, and popular with the public.
