A massive moment for @iealondon. They’ve been advocating these policies for years. They incubated Truss and Kwarteng during their early years as MPs. Britain is now their laboratory.
THREAD! 🧵
When @BorisJohnson first became PM he promised to #levelup across Britain.
Two years on from #GE2019 and almost halfway through the current parliament, new NEF analysis looks at who has benefited most so far, and who has lost out...
#TornApart
(1/9)
Cuts to benefits announced today have clearly been motivated by a desire to make short-term savings to meet arbitrary fiscal rules. They're not going to help ill and disabled people, they're only going to create more problems.
@PollardTom reacts to Liz Kendall's speech
The cost of capping bus fares at £2 would have been tiny compared with keeping the fuel duty freeze.
We should be incentivizing public transport which would help reduce carbon emissions - rather than continuing with this regressive fuel duty cut. #AutumnBudget
NEW ANALYSIS: This government is downplaying the true scale of planned cuts to social security. We found that planned overall benefit cuts of £6bn from could actually result in support for ill and disabled people being slashed by between £7.5bn and £9bn a year by 2029 – 30. 1/5
"It doesn’t take an economist to realise cutting support for ill and disabled people can make their conditions worse... the NHS is left to pick up the pieces, obliterating any fiscal savings."
@DominicCaddick on why austerity is a false economy
This decision puts the interests of a small number of wealthy frequent flyers over the wellbeing of us all. London City Airport operates low-efficiency planes, on routes doable by train, for high-income passengers.
"I would much rather we were raising taxes to pay for long-term investment... bolstering our social security system so we don't have the situation where there are parents that can't feed their kids, that can't heat their homes."
@Miatsf on @bbcquestiontime
The British "wealth exodus" is a big fat myth. Stories of the wealthy fleeing from potential wealth taxes have been pushed by consultancies who sells "golden passports" and residence visas to their wealthy clients. They have a direct stake in pushing this narrative. 1/3
🚨Over the last decade, the wealth of the richest 10% of households has grown 574 times faster than that of the poorest 10%.
The richest few are taking to much and leaving the rest of us struggling to survive. It's time to share the wealth we all create.
🚨NEW: Our analysis suggests this government's cuts to benefits will have an even bigger impact than is being widely reported.
With ill and disabled people being hit with an additional £2bn in cuts and an extra 100,000 people being pushed into poverty.
"People will say 'We won the World Cup' even though they didn't play. They'll say 'We won the war' even if they didn't fight. But if you say 'Well, we owned slaves' they'll say 'That wasn't me, I didn't own anything'." @garyyounge on the pod w/ @AyeishaTSbit.ly/2N6JjlG
