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Autumn Statement will increase worries for those on lowest incomes
The long list of spending cuts and tax rises outlined in the Autumn Statement will increase financial concerns for those with least, the chief executive of Bradford-based Manningham Housing Association has warned.
Responding the Chancellor’s measures, Lee Bloomfield said: “Confirmation from Jeremy Hunt that we are now in recession, inflation is at its highest level for decades, taxes are going up and spending cuts are on their way will greatly increase financial worries for individuals and families on the lowest incomes.
“I welcome the Government’s decision to raise benefits and the National Living Wage but, given the ongoing cost of living crisis with inflation set to increase even further in the months ahead, the already stretched household budgets of people living in the most deprived neighbourhoods will be under particular attack.
“Housing associations, such as Manningham, will continue to support the communities we serve in every possible way.
“However, diminishing resources and increasing economic pressures make this incredibly challenging.”