Our chief executive Alexandra Jones on why the Chancellor’s Budget statement should focus on making the most of the UK’s cities, if the country is to weather the tough economic climate ahead
In last summer’s budget speech, George Osborne set out his long-term vision of building a “higher wage, lower tax, lower welfare economy” in the UK, promising to give Britain “a pay rise” while also announcing major cuts to welfare spending.
It’s a theme the chancellor is likely to return to again in his Budget 2016 statement next Wednesday, when he is expected to announce further welfare cuts – potentially including the controversial pension reforms which have dominated the headlines in the run-up to the statement – along with more details of the government’s plan to introduce a National Living Wage as of next month.
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