{"id":813025,"date":"2022-09-25T15:03:19","date_gmt":"2022-09-25T15:03:19","guid":{"rendered":"https:\/\/www.thecanary.co\/?p=1622606"},"modified":"2022-09-25T15:03:19","modified_gmt":"2022-09-25T15:03:19","slug":"kwasi-kwartengs-budget-is-a-declaration-of-war-on-poor-people","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2022\/09\/25\/kwasi-kwartengs-budget-is-a-declaration-of-war-on-poor-people\/","title":{"rendered":"Kwasi Kwarteng\u2019s budget is a declaration of war on poor people"},"content":{"rendered":"
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On 6 September, Liz Truss assumed<\/a> the office of prime minister after receiving support from 57.4%<\/a> of Conservative Party members who voted in the leadership election. Those members consist of a mere 0.4%<\/a> of the UK population.<\/p>\n

Now, Truss’s laughing<\/a> chancellor Kwasi Kwarteng has unveiled a mini-budget which can only be described as an all-out declaration of war on workers, particularly the poor.<\/p>\n

Meanwhile, the Bank of England has made it clear that the UK is now in recession<\/a>.<\/p>\n

Rich get richer<\/strong><\/h2>\n

The winners<\/a> from the Tory mini-budget are the well-off – those earning more than \u00a3150k a year. Indeed, it’s understood<\/a> that someone earning more than \u00a31m a year will be the beneficiary of tax cuts of more than \u00a355k a year.<\/p>\n

Moreover, the so-called tax cuts for the less well-off is an illusion, explains Howard Beckett of Unite the Union:<\/p>\n

<\/p>\n

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The government put your income taxes up – not down.<\/p>\n

They\u2019re freezing your personal tax allowance until 2026. <\/p>\n

When you add inflation it means a tax of \u00a31,500 in total for every minimum wage worker in the UK from 2022-6.<\/p>\n

The drop to 19p will barely make a dent in that.<\/p>\n

— Howard Beckett (@BeckettUnite) September 25, 2022<\/a><\/p><\/blockquote>\n