Mubin Haq, Chief Executive of abrdn Financial Fairness Trust, said:
“Today’s mini-budget delivered mini gains for those living on the margins, but maximum rewards for those with the highest incomes and significant assets. Our research shows 4.4m households are already in serious financial difficulties and few see their prospects for being able to pay their bills improving. Help should have been laser focussed on those hardest-hit by the cost of living crisis as the economy enters into recession. It is disappointing that in this first fiscal event, one the Chancellor called “a new era”, the government chose not to put fairness front and centre.”
