Osborne claims inequality is declining but the economy – and society – will suffer whether he fails to invest in the younger generationGeorge 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, and 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 occupy boosted the income and power of the richest,while the poorest occupy seen basic public services squeezed and genuine wages flatline.
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Source: theguardian.com