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Chancellor’s tax cuts will widen the income gap at a time of national crisis

The chief executive of Bradford-based Manningham Housing Association (MHA) has warned that the Chancellor’s mini-Budget will increase the gap between people struggling on the lowest incomes and those least in need of financial support.

Speaking in response to Kwasi Kwarteng’s announcements earlier today, Lee Bloomfield said: “The Chancellor’s decision to target his measures towards helping the better off will be deeply worrying for individuals and families on the bottom rungs of the income ladder, including a high proportion of housing association tenants.

“The 600,000 highest earners in the country will save an average of £10,000 a year through his abolition of the top rate of income tax.

“Meanwhile, he issued a threat to cut benefits for 120,000 people on Universal Credit.

“We are dealing with a cost of living crisis which is slashing household budgets every week.

“The Chancellor had the opportunity to make a positive difference to the lives of those suffering most from rising costs.

“Instead, he chose to give extra help to people who need it least.”

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Lee Bloomfield, Manningham Housing Association Chief Executive

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Manningham Housing Association (MHA) has a proud track record of delivering homes and services to communities in Bradford and Keighley. It was founded in 1986 following a piece of research on the housing needs of Black and Asian communities in Bradford. This research proved that the needs of the South Asian community were not being addressed. With an annual turnover of £8.2 million and a staff of 42, the association now manages more than 1,400 homes for over 6,000 residents. Around 75 per cent of MHA properties are large family homes with three or more bedrooms. Over 80 per cent of MHA residents are of South Asian origin but the association proudly serves all of those in need. MHA holds a G1 rating for governance and a V1 rating for financial viability from the Regulator of Social Housing. In addition to being awarded the Customer Service Excellence quality mark, MHA is the first housing association in the country to be officially accredited for its work in promoting equality, diversity and inclusion. In 2021, MHA won the Outstanding Approaches to Communications category at the Chartered Institute of Housing Northern Awards and was shortlisted for two UK Housing Awards including Landlord of the Year.

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