Mubin Haq, Chief Executive of abrdn Financial Fairness Trust, said:
“The new Chancellor has said his priority in making the difficult decisions that lie ahead will always be the most vulnerable. The clearest indicator to this commitment would be uprating social security in line with inflation, yet today’s statement fails to provide the security those on the lowest incomes need. Far too many families are already facing a winter of worry, unsure if they will be able to heat their homes or feed their children. Further cuts to social security in this context are unacceptable.”
