It’s not enough that homeowners prosper. Everyone should
by Phillip Inman from on (#13XD3)
Osborne claims inequality is declining but the economy - and society - will suffer if he fails to invest in the younger generation
George Osborne is known for his helicopter trips to Tory dinners, his 4m trust-fund fortune and links to the aristocracy as heir to an Irish baronetcy. Cementing his reputation as a champion of the richest 1%, the chancellor cut the 50p top rate of tax, cut tax credits (despite making great play of not doing so) and handed bankers an escape clause by making it easier for them to dodge prosecution in the event of another financial crash.
All these measures have boosted the income and power of the richest, while the poorest have seen basic public services squeezed and real wages flatline.
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