Here is Compass’ response to the Chancellor’s Spring Statement, presented to parliament today:

“These unprecedented cuts, impacting on the poorest people in our country, won’t just slow any economic recovery but embed a social recession, turbo-charging people’s disillusionment with politics, people who were promised change. Only the Tories, and more likely Reform, can benefit from this.

The Chancellor could have relaxed the fiscal rules, borrowed more like Germany, or decided to tax wealth – she decided to cut.”

Neal Lawson, Director of Compass

For further comment, please contact Luke on luke@compassonline.org.uk.

Read our latest report – Paying for a Decade of National Renewal by Stewart Lansley – which sets out the pro-equality, tax-reforming economic strategy that the government could have pursued today.