John Healey today hit workers, savers, landlords and banks as he drove the tax burden towards a new record high to fund cost-of-living giveaways.
The Chancellor hailed a Budget for the ‘working people of Britain’ as he tried to balance the books amid the Middle East crisis and Prime Minister Andy Burnham‘s spending ambitions.
But while the Government talked up support for spiralling living costs, the help will be mostly targeted. It will be funded partly by letting borrowing go up more than previously expected, as well as through smaller raids and the long-running ‘stealth’ assault of frozen tax thresholds.
Critics have warned
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