Billionaires Protected At The Expense of the Rest of Us, Warns Equality Trust

The Equality Trust has reacted to the government’s budget with concern that the inequality it protects will continue to undermine our society.

Priya Sahni-Nicholas, Co-Executive Director of the Equality Trust, said:

The sources of the UK’s crises – the super rich, oil and gas companies, banks and energy companies – will be pleased with today’s budget. The Chancellor chose to protect them from the public’s demands and continue on a path where inequality of wealth becomes inequality of power.

The government could have taken real steps towards building the more equal society the public demand. Options were on the table to tax wealth and income from wealth, tax polluters, and invest in people. Instead, we got billions in tax hikes on the rest of us. As a result, people will continue to lose faith in our system as they pay more and get less while billionaires rake in obscene profits.

ENDS

Contact Priya Sahni-Nicholas, priya.sahni-nicholas@equalitytrust.org.uk