By Claire West
Responding to the Chancellor’s Autumn Statement on Wednesday, Ian Brinkley, director of The Work Foundation, said:
“The Chancellor’s Autumn Statement was a mix of the welcome, the populist and the wasteful. Ultimately however, it was another missed opportunity to make a real difference to the UK’s economic prospects.
“The capital spending package was very welcome, especially increases for science and higher education. However, the cuts in fuel duty were populist and without economic merit. Similarly, the corporation tax cuts and higher capital investment allowances were wasteful and ineffective.
“Instead, the Chancellor could easily have doubled the capital investment package and made this an Autumn Statement to remember.”