Helping JAMs without breaking the bank
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- Infrastructure policies on housing, energy, water, broadband, railways, shale gas and ports could all help the just about managing in a tangible way.
- While expected Budget measures on social care and business rates will burden the Exchequer, the following policies won’t affect Treasury revenues.
- The Housing White Paper is an encouraging step in promoting more supply. Pink zones – where planning procedures can be streamlined – should be taken forward.
- Policies must bear down on household bills. For example, freezing renewable energy subsidies could save households £173 a year by 2020-21.
- Structural separation of BT Openreach would reduce broadband bills, more open access on UK railways would push down rail fares, and scrapping air passenger duty would lead to lower air fares without impacting Treasury revenues.
- Shale gas development and free trade zones around UK Ports could incentivise economic growth in areas of low socio-economic standing.