The chancellor is preparing to channel cash to poorer families in his budget as part of a mini-fiscal stimulus to kick-start the economy and protect the vulnerable. Senior cabinet figures are backing a campaign by more than 110 Labour MPs, including some ministerial aides, to top up benefits or the tax credits paid to low-income parents. The move comes as it emerged that Gordon Brown is trying to broker a £100bn deal at this week’s G20 summit to stop the world’s poorest falling victim to the banking crisis by extending loans and aid to developing countries that are at risk of poverty, disease and conflict. In an open letter published by the Observer today, the MPs argue that giving tax cuts to the middle classes may simply see money tucked away in savings accounts, but giving cash to those who really need it ensures they will spend it.
Remind me again why we are spending the most money on those higher up the food chain? And if you feel a little unsure out the wisdom of this approach does this article (from the SSTimes) make you want to reassess?
Record numbers violently abused South Auckland babies have been hospitalised with severe injuries in recent weeks, shocking police and child welfare agencies and leading to speculation that the economic recession is contributing.
Let’s hope the upcoming budget takes some bold steps to help those most in need – our country’s children (and can be the ones who are hardest to reach).