Ad Fontes

Politics, Theology and Christian Humanism


Leave a comment

The horror of the slasher budget

Today, the new Chancellor of the Exchequer, George Osborne, announced his budget. Variously named an emergency budget or an austerity budget, it is clearly more a slasher horror.

We already knew that the Tories were going to be savage with the public purse, but we are beginning to see a Liberal Democrat Party beholden to a liberal economic theory, and the sidelining of that party’s social democratic wing in the name of coalition government.

As everyone predicted, the new budget is a screw-the-poor budget: child benefit frozen for three years (huge impact on low-income families), housing benefit capped (those on low incomes will be forced out of some areas), SureStart maternity grant limited to first child (affects most families), tests for disability allowance to get tougher (fairly degrading to many claimants, costs to administer and will likely find fewer ‘bogus’ claimants than the Daily Mail expects)  and VAT to increase to 20% (massively affecting the spending power of the poorest in society).

Continue reading