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Briefing
Care
Housing

Response to Budget 2023

Budget 2023 was the Chancellor’s first major opportunity to respond to the challenges facing households across the UK, which are most acutely felt by low-income families. This briefing sets out whether he made sufficient headway.

Written by:
Darren Baxter, Rachelle Earwaker, Abby Jitendra, Peter Matejic, Iain Porter, Dan Tomlinson and Andrew Wenham
Date published:

Prior to the today’s Budget, JRF identified three major challenges for the Chancellor to confront:

  • The inadequacy of the social security system impacting the ability of low-income households to meet the rising costs of essentials. 
  • The systems around our labour market which currently don’t do enough to help people remain in, or join, the labour market when they have childcare responsibilities or ill-health. 
  • The housing downturn which risks entrenching the unaffordability of homes and continuing to lock people out of the homes they need. 

Key finding

Action in some areas is promising – particularly in relation to childcare funding – but overall the Budget has failed to adequately address the challenges facing households, particularly those on low incomes.

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