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Tom Phillips

Autumn Statement boost for science and higher education welcome yet billions being wasted on ineffective and populist measures

Authors: Tom Phillips Tom Phillips

05 December 2012

Responding to the Chancellor’s Autumn Statement today, 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.”

Ends

Notes to editors

1. Ian Brinkley, Charles Levy and Andrew Sissons are available for interviews, briefings and written comment.
2. The Work Foundation will be holding a briefing on the Autumn Statement on 6 December from 6 – 7pm. Speakers include: Will Hutton (chair of the Big Innovation Centre), Mark Littlewood (director general of Institute of Economic Affairs) and Charles Levy (senior economist at The Work Foundation). To reserve a place at this event, please email tphillips@theworkfoundation.com. More information available here.
3. The Work Foundation is the leading independent authority on work and its future. It aims to improve the quality of working life and the effectiveness of organisations by equipping leaders, policymakers and opinion-formers with evidence, advice, new thinking and networks.

Media enquiries:

Tom Phillips 020 7976 3554
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