A new progressive economy is being built locally
This article originally appeared in the New Statesman.
The disastrous Spring Statement demonstrated that the Treasury is still tied to its old ways, but an alternative economic strategy is emerging in regional and local authorities all over the UK
As energy, food and fuel prices continue to soar, there is mounting pressure on the Chancellor to go further than he did in the much-maligned Spring Statement to ease the increasing burdens on consumers. The Treasury’s paltry measures to relieve the biggest squeeze on household incomes in decades were met with consternation from Rishi Sunak’s critics, as substantive interventions such as a windfall tax on oil and gas firms were notably missing from his mini budget.