Writing in the Telegraph, the Bow Group’s Head of Media Donna Rachel Edmunds argues the squeeze on wages will off-set any give-aways announced in yesterday’s budget.
“The question is whether or not this Budget will have a noticeable impact on household budgets. Whilst a penny off beer and the freeze in the rate of fuel duty are welcome, the money saved will easily be swallowed up by inflation if wages also fail to rise.”
Read the full article in the Telegraph here.
In the Bow Group’s Pre-Budget 2013 Press Briefing Bow Group Members argued for a return to supply-side economic principles, but reacting to the Chancellor’s statements the budget was assessed to deliver an average 5/10 towards real and radical budgetary reform.
Writing at Conservative Home, Bow Group Member & economist Andrew Lilico commented: “As I listened to George Osborne speaking, I couldn’t help but wonder what he said that Alistair Darling couldn’t have said.”