The Chancellor's Spring Statement

Part of 2. Questions to the First Minister – in the Senedd at 2:04 pm on 29 March 2022.

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Photo of Huw Irranca-Davies Huw Irranca-Davies Labour 2:04, 29 March 2022

The Chancellor, First Minister, had hardly sat back down on the green benches before the criticism tore apart his spring budget statement, and it didn't only come from some backbench Tory MPs; it came from the Institute for Fiscal Studies, from the Resolution Foundation, it came from Martin Lewis, the money saving expert, who looked at the impact of the rising tax burden and the additional burden on the poorest people in our country. The forecasts now say that a fifth of the population of the UK will be in absolute poverty—absolute poverty, 12.5 million people. Their household incomes are on track for the biggest fall of any Parliament on record and the tax burden will be at the highest level for 70 years, while the poorest will get poorer still. A typical family will be around £1,100 worse off this year. And after previous cuts to universal credit, we're glad to see a 3 per cent rise—