If your name happens to be Rachel Reeves and even the Resolution Foundation is blasting your Budget, you know you’re in trouble. The think tank which now acts as the boot camp for future high-tax Starmtroopers has taken a dim view of today’s announcements with regards to living standards:
“…Overall, while the forecast was better than expected for the Chancellor it had bad news for households. The outlook for living standards has worsened – with real disposable incomes rising by a paltry 0.5 a year over the Parliament – the second worst since records began in the 1950s. And while many will focus on rising taxes, an ever greater concern for living standards is the projected rise in unemployment.’
Bell ends up upsetting his former colleagues on the most important day of his ministerial career…
