Tea‑time Talk: Inflation Turns the Corner
Laura Trott—Treasury’s chief secretary—jumped for joy, calling the recent drop in inflation a “corner‑turn” that’s clearing the way for the Chancellor’s upcoming flash of tax cuts.
Meanwhile Jeremy Hunt warned that October’s borrowing figures were a touch higher, but he guarantees he’ll keep the nation’s finances responsible—because someone has to prevent the economy from turning into a money‑storm.
What’s on the Autumn Statement Menu?
- Big‑time focus on boosting business investment, because you can’t leave factories and startups in the dust.
- Reinvigorating the workforce—getting people back to work so the nation keeps humming.
In short, it’s a game of “Pivot” and “Push” – a parliamentary recipe that balances borrowing, tax relief, and the gut feel that the economy is on a more stable runway.
Budget Alert: The Chancellor’s Welfare Tightening Plan
£4,680 a year is on the chopping block
The Times has spilled the beans that the Chancellor is set to slash welfare payments by roughly £4,680 annually, kicking in from 2025. Imagine a whole new set of living expenses—again, just part of Singapore style somehow.
Trott’s rally‑cry: Work that’s the real money‑matter
During a chat with Sky News, Rishi Trott pronounced “if you can work then you should work.” He opined that the government’s golden rule is: work when you’re capable. “Sure, we’ll help people in the transition, but the real duty is to head to the job market.”
When talking to Times Radio, he added the bright side: “Inflation has slashed in half. That’s a genuine win for households. And for the first time in three months, real wages are actually outpacing inflation—makes life feel a bit less like a diet plan and more like a feast.” He concluded, “Now we can highlight tax cuts and real growth. That’s the playbook from here on out.”
Liz Kendall says it’s a scandal to drop people off the menu
Shadow work and pensions secretary Liz Kendall gushed a bit louder on Sky News: “It’s baffling that Rishi Sunak would jab at people plus and say those millions stuck because of long‑term sickness get ripped off as if they’re ‘a scandal’.” She implied that outsourcing jobs underpins that problem. Then she took a sharp swipe, calling the Tory government “desperately tripping over their own decade‑long mess.”
Wrap‑up in a nutshell
- Welfare pay gets trimmed by nearly £5k a year from 2025.
- Trott ships it as a push toward job‑market participation.
- Inflation halved, real wages rising—little sign of a better future.
- Kendall slams the government over the treatment of those with long‑term illness.
Stay tuned to see how the rest of the world deals with these adjustments—after all, this survival tale is a living testament to how politics can dramatically alter everyday lives.
