By Nicky Dempsey
There is very little attempt to disguise the class interests served by George Osborne’s latest Autumn statement.
The government claims that its overriding aim is to reduce the public deficit yet corporation tax is to be cut once again, now down to 21 per cent. Altogether the statement includes £5.7 billion in tax cuts and giveaways to the corporate sector over the next several years. At the same time a series of partial freezes on welfare entitlements and tax thresholds, holding them to one per cent increases – which is below the rate of inflation, show that the burden of the crisis continues to paid for by workers and the poor.
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