FlyTheNest

Members of OBR's budget responsibility committee leave Truss meeting after 48 minutes
The three members of the OBR’s budget responsibility committee who met the prime minister, Liz Truss, and the chancellor, Kwasi Kwarteng, have now left No 11 Downing Street.

PA Media reported that Richard Hughes, Andy King and Prof David Miles left the building at 10.33am – just 48 minutes after they entered.

AnatolyKasparov wrote: ↑Fri 30 Sep, 2022 3:45 pm But.....we were told the crisis was "over"!

Liz Truss will deliver the biggest permanent real-terms cut to the basic rate of benefits ever made if she fails to raise them in line with inflation, one of the UK’s leading poverty charities has said.

The Joseph Rowntree Foundation (JRF) urged the government not to renege on its promise, made earlier this year, to raise universal credit and other working age benefits in line with inflation. It said such a move would be a “harmful act of historic proportions” – and deliver a devastating blow to millions of families on low incomes.

Citizens Advice said more than half the people who come to their offices for help are already in a negative budget, meaning they have less money coming in than they need for everyday basics.

“If benefits don’t keep up with living costs, this real-terms cut will be worse than every year of the benefits freeze combined. The devastating trends we’re seeing in people needing our support will go through the roof,” said Morgan Wild, Citizens Advice’s head of policy.

RogerOThornhill wrote: ↑Fri 30 Sep, 2022 3:33 pm This is getting almost like 2007-8...and entirely self-inflicted and not partly imported.