By 2027-28, the average woman would be 9.4% worse off than in 2010, while the average man would face a 5.8% decline, reflecting a stark disparity in living standards.
It's crucial for the new government to start investing in the people and public services that keep our economy running, rather than continuing a path of austerity.
The Women's Budget Group emphasizes that increased spending on public services and welfare is essential, highlighting that repeated freezes in working age benefits have significantly contributed to declining living standards.
The call for fairer taxes, like equalizing capital gains and income taxes, is part of a broader strategy to fund necessary public service investments and support struggling families.
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