With The Budget Issue Hammond VS MCDonnell Claims “End of Austerity”

The labour has cancelled the budget of the government claiming the end of austerity. John Mcdonnell, the Shadow Chancellor in the coming days due to frequent decisions of welfare cuts the public services would have to face an additional clutches.

But Chancellor Philip Hammond declared tax cuts including the announcement of more money for the NHS and universal credit saying that the more spending is on the way. He refused to care the condemnation from teachers in the matter of giving schools money for “little extras” dictating that it was an additional measure to the normal process of funding. In the meantime, the Resolution Foundation said the families who are not affluent would be under the tax cut of £30 and for the top 10% earners £410 tax cut.

The non-profit research and the policy institution said that public finances had given Mr Hammond an extra £74bn which is better than expected. And the Chancellor had used up three-quarter of the extra spendings on the NHS, income tax changes and welfare.

From the political perspective, it is a great change which has permitted the government to change its effective command significantly. But in a careful view shows that a huge amount of money will be circulated promptly through the health services. After the overall calculations, some departments would still face cuts.

Mr Mc Donnell cancelled the claim of Mr Hammond about austerity and said, “ It is now clear that austerity is not over, the cuts to social security will continue and Philip Hammond gave no assurances that departments won’t face further cuts”.

The director of the think tank of Resolution Foundation said the Budget had, “significantly eased – but not ended – austerity for public services”.

He also added: “Tough times are far from over”. The Chancellor has set out plans to spend almost all of a very significant financial windfall on extra spending for the NHS, bringing to a close the era of falling overall public service spending”.

by Haimantee Ghosh on October 30, 2018

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