“I pray, and not just hope, that, as we approach further substantial cuts in public spending, the aspiration for the nation will be enjoyed by the many and not just those who now benefit from the welcome but modest steps that the Chancellor has taken.”
On 4th December 2014 the Bishop of Portsmouth, the Rt Revd Christopher Foster, spoke in a take-note debate in the House of Lords on the Autumn Statement and measures to promote economic growth and to support businesses in the United Kingdom. In his speech, the Bishop welcomed the Chancellor’s wish to back the aspiration of many to save, work and own a home, but noted that there are still many barriers to this being possible for all.
The Lord Bishop of Portsmouth: My Lords, it is a pleasure to add to others’ my welcome to the noble Lord, Lord Rose, in eager anticipation of his maiden speech. The Statement of the right honourable Chancellor of the Exchequer has been welcomed and applauded in some quarters and criticised in others for its emphasis on what it means for individuals and families, as well as for the national economy. I am glad to see specific, though limited, encouragement for some individuals and welcome support for some often overlooked but important groups in society. The most noticeable and eye-catching announcements yesterday highlighted the changes to stamp duty, ISAs, fuel duty and air passenger tax. For some in our communities, these will be welcome news after an extended and extending period of fiscal tightening and often reduced disposable income. There will, however, be changes—as those on these Benches serving all parts of England know—that will make little or no difference to many who would echo the Chancellor’s wish to back the aspiration to save, work and own a home. Continue reading “Bishop of Portsmouth responds to the Autumn Statement”
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