Comment on the Spring Statement from abrdn Financial Fairness Trust CEO, Mubin Haq:

23 March 2022
With inflation skyrocketing, millions are facing a living standards meltdown. We needed the Chancellor to take urgent measures to help people with their day-to-day costs. But there were few new shoots of hope in this spring statement. The measures are not targeted at those most in need, especially those reliant on social security. With families up and down the country facing severe financial hardship, the Chancellor must uprate benefits in line with inflation to help those unable to meet their basic living costs.