The Conservatives’ ‘mini-budget’ astounded the House of Commons today, and will drastically widen inequality.

I challenged  the Chancellor in Parliament, saying:

“After twelve years of Conservative economic failure, the Financial Times reported earlier this week that those on the lowest incomes in the UK were much poorer than their European counterparts – 20% below Slovenia for example – while those at the top were among the wealthiest.

“The PM has said she doesn’t believe in redistribution. Don’t the measures announced today suggests she does, but in the wrong direction. Taking from those with least and giving to those with most.”

Too many people in Sheffield and across the country are struggling to heat their homes and feed their families. They won’t be helped by the Conservatives scrapping the cap on bankers’ bonuses and the highest tax rate for those earning over £150,000, nor the tax break to the biggest companies.

Liz Truss has made clear who’s side she’s on.  While the wealthiest executives in oil and gas companies and other boardrooms, along with top bankers, will see a huge boost in their wealth, she’s recklessly loading debt on to future generations because she refuses to tax windfall profits of the energy companies. Hospitals, schools and public services will pay the price too.

The big corporations like Shell and BP will rake in billions more while our communities struggle to make ends meet.


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