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We must take a bolder approach to welfare reform

The Chancellor failed to resolve three crucial issues in his Budget.

We need to build an economy where real wages are rising, driven by productivity increasing, and where economic recovery is experienced by individuals and families. Never has there been so much money available, so cheaply, but with so little of it used to increase investment in the real economy to increase real wages.

The Chancellor’s Budget takes steps in the right direction, but more can be done. The three most important measures for consumers were focused on tax, savings and pensions.