Oxfam reaction to the UK government’s mini-budget

Katy Chakrabortty, Head of Policy and Advocacy, Oxfam GB, said:

“The Chancellor’s big gamble for growth promises to be win-win for the richest, with tax cuts in the bag today, while the poorest communities and younger generations are left to cross their fingers and hope. They will be hit hardest by cuts to public services and mounting debt with only the uncertain prospect of economic recovery to bail them out. And with the aid budget under ever-increasing threat, it is the world’s very poorest who are being told to make the ultimate sacrifice.

“This mini-budget risks widening the gap between the ‘haves’ and the ‘have-nots’ at a time when across the world, every dimension of inequality – from wealth and income, to gender, race and health – is skyrocketing. People are struggling financially, whilst the pandemic saw a new billionaire created every 30 hours.”