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Rise in over-25 minimum wage
+30p an hour – not even enough to hit the Tories’ pathetic target of £9 an hour by 2020
Projected cut in low-paid income due to slowdown
-40p an hour (Resolution Foundation)
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‘Work allowances’ benefit cut reversal
+£700 million, reducing ‘taper rate’ cut from 65p to 63p a pound (IPPR)
Overall ‘Universal Credit’ benefit cuts
-£3 billion (IPPR)
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Housing Act: ‘pay to stay’ for social tenants
Dropped – unless you’re already earning above an earlier threshold
Housing Act: effect on council homes
Up to 200,000 council homes will go
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Investment in ‘affordable’ homes priced at 80% of market rate
£1.4 billion, for 40,000 (un)affordable homes
Increase in council home construction
Zero
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Letting agent fees
To be banned in England
Schedule for introducing ban
Non-existent
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Total big business tax giveaways
£8.5 billion (GMB)
‘Just about managing’ income
£2,500 a year less by 2020 (Policy in Practice)
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Extra investment for business
£23 billion
New investment for the NHS
£0
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Corporate profits
Highest on record – £103 billion in the third quarter of 2016 (ONS)
Real wages
Below 2008 levels for at least the next five years (IFS)
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Number of billionaires
Highest on record – 120 in the UK (Sunday Times Rich List 2016)
Workers in poverty
Six million earn below the Living Wage (KPMG 2015), seven million are in insecure employment (Guardian 2016)
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2017 growth forecast
1.4% (OBR)
Reduction in growth forecast
-36% (March forecast was 2.2%)
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