Jeremy Hunt has announced reforms to childcare, pensions and disability benefits. What do they mean for the economy?
After a lost decade during which economic mismanagement has led to the biggest squeeze in living standards for generations, the chancellor had two big jobs to do today: insulate people from the cost of living crisis, and jump-start the economy to reverse the decline in living standards. He bottled both. And the result is a projected 5.7% fall in real incomes in the next two years, according to the Office for Budget Responsibility – the largest two-year fall since records began.
Miatta Fahnbulleh is chief executive of the New Economics Foundation
