After a lost decade where economic mismanagement has led to the biggest squeeze in living standards for generations, the Chancellor had two big jobs to do: insulate people from the cost of living crisis and jump start the economy to reverse the decline in living standards. 1/8
He bottled both! And the result is a projected 5.7 fall in real incomes in the next 2 years. With the poorest families being hit the hardest 2/8 
Nothing to protect the 42% of families who will be unable to afford the essentials like putting food on the table or replacing clothes by 2024, yet a tax cut on pension contributions for the richest. 3/8
Nothing for public sector workers we all rely who are rightly demanding a fair deal whilst they prop up hospitals, schools and essential services that are on their knees. Instead £22bn of cuts to public services that will push many over the brink. 4/8
Holding the energy price guarantee at £2,500 was right, but small reprieve when bills are double what they were two years ago. We needed a Great Homes Upgrade to insulate our homes & the roll out of free basic energy to keep bills down for good. 5/8 neweconomics.org/2022/09/warm-h…
And whilst the expansion of 30 hours of free childcare for 1 and 2 year olds is a big step forward, without sufficient investment in a sector already on its knees, this will push many providers over the edge – making life harder for working families. 6/8
But the biggest own goal was the lack of a proper plan to kick start the economy. He should have taken a leaf from the US and boosted it like Biden to create the green industries & jobs of the future we need to lift up communities that have been held back. #GreenNewDeal 7/8
Jeremy Hunt’s failure to make the big calls in #SpringBudget2023 will cement this lost decade and we will all pay the price. 8/8
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