This Spring Budget was one of the final opportunities before a General Election for the Government to show it is serious about investing in Britain, tackling the real burdens we face as a nation and creating a green economy for the future. Unfortunately, this Budget instead kicked the crisis can further down the road, doing little to seek justice, defend the oppressed, plead the case of the widow and orphan, or take care of creation. 

The Chancellor announced some tax cuts, including a 2p reduction in National Insurance from April, as well as a drive for productivity and savings in public services. This is at a time when public services are in dire need[1] yet further cuts are slated for the coming years. Millions are facing destitution as the cost-of-living crisis continues to bite[2] and the Budget did little to help them – small changes to benefits and childcare are welcome but the NI cuts will benefit wealthier households much more than poorer ones[3].  Whilst the 1-year extension on the windfall tax on energy companies is positive, the short sightedness of this budget was evident in the lack of investment in green businesses and jobs for a climate-safe future.

JustMoney Movement Director, Sarah Edwards said:  

“The Chancellor gave us few surprises in this Budget – but we are deeply disappointed at the missed opportunity to invest in public services and grow a green economy. As Christians we believe society should care for the most vulnerable and demonstrate love of neighbour. Some announcements, like abolishing non-dom status, are welcome. We’re glad Mr Hunt agrees with us here, that ‘those with the broadest shoulders should pay their fair share’. But we don’t agree that the revenue raised should be used for tax cuts elsewhere. We want to see extreme wealth fairly taxed, raising billions in urgently needed revenue. People don’t want tax cuts – as polls clearly show – they want a society in which our schools and hospitals are not falling down, our councils are not going bust, and where everyone can afford the basics in life. This budget did little to bring that about.” 


[1] Institute for Government Performance tracker, October 2023

[2] Joseph Rowntree Foundation, “UK Poverty 2024: The essential guide to understanding poverty in the UK”, January 2024

[3] See analysis from New Economics Foundation,  https://t.co/9BnkpOeZ7Q” / X (twitter.com)

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