Chancellor Rishi Sunak has today unveiled his budget plans, including a 5% tax cut specifically for banks, an end to the triple lock to protect the value of people’s pensions, and another proposal that councils increase council tax by 3%.
Cllr Arooj Shah, Leader of Oldham Council, said: “In this budget the Conservatives have shown their hand. While waiting lists get longer the Chancellor barely mentioned the NHS. As schools desperately try to catch up following the pandemic, funding for pupils will remain less than under the last Labour government until 2024. Having raised national insurance for working people he’s now giving banks a special tax cut, and there was no mention of a tax on the likes of Amazon to make things fairer for high street businesses. The picture is clear.
“Oldham residents will be rightly furious that once again he’s telling councils to raise council tax by up to 3% if we want to fund local services, and pensioners will question the hit to their pensions when fuel bills are through the roof. At the same time, a week before COP26, when we should all be focused on what we’ll do to finally tackle the climate crisis, the Chancellor is reducing fuel duty on domestic flights.
“In Oldham we’ll continue to do everything we can to support people struggling with the cost of living crisis. Unlike the Government, we have a clear understanding of what is needed for Oldham to flourish, and we’ll continue to make the case for investment and for our residents’ priorities.”