Daily Mirror (Northern Ireland)
Middle England is heading for a ‘shock’ Tory MPS rebelling over Hunt’s policies
JEREMY Hunt’s brutal Autumn Statement means people have “just got a lot poorer” and those on middle incomes will suffer the most, economists have warned.
The Institute for Fiscal Studies gave a bleak verdict on the Chancellor’s £55billion of tax hikes and spending cuts, warning that higher taxes could last for several decades.
With household disposable incomes set to crash by 7% by 2023, the IFS said those on “middling sorts of incomes will feel the biggest hit”.
IFS director Paul Johnson said: “Middle England is set for a shock.
“They won’t benefit from the targeted support of those on meanstested benefits. Their wages are falling and their taxes are rising.”
As the recession takes hold, the IFS said a series of economic “own goals” by the Tories had worsened the UK’S “long, hard, unpleasant journey”.
In an article for the Mirror, the Labour leader Keir Starmer accused Prime Minister Rishi Sunak of picking the pockets of working people and “clobbering” their pay.
He said: “After 12 years of Tory government, we face the highest tax burden since the Second World War, soaring bills, and the biggest hit to living standards on record.”
The Resolution Foundation think-tank warned workers’ wages could be
I can’t support these rises. I said look at other places you could save money ESTHER MCVEY CONSERVATIVE MP ON CHANCELLOR’S TAX HIKES
£15,000 lower in real terms by 2027 after two decades of wage stagnation. They said a typical household faced a 3.7% permanent income hit due to Mr Hunt’s policies.
Senior researcher James Smith said: “As an energy importer during an energy price shock, Britain is getting poorer. “Deciding how we do so was, to a significant extent, the choice facing the Chancellor. “He has decided that households will do so with higher energy bills,