The People's Assembly Against Austerity national demonstration

That this House congratulates the People’s Assembly Against Austerity for calling a national demonstration for Saturday 5th November 2022 on the cost-of-living emergency faced by communities up and down the country; believes that ordinary people should not, once again, be made to pay for a crisis that they did not create; notes that while living standards of the vast majority of people face the sharpest decline in 70 years, the super-rich are hoarding unprecedented levels of wealth; further notes the hypocrisy of the rich and powerful in demanding that workers accept real terms pay cuts to tackle inflation while bankers' bonuses are at record highs, and the profits of the biggest companies are soaring and British billionaires are increasing their wealth by £220 million per day; offers solidarity to those opposing real-terms cuts to wages, social security payments and pensions; and encourages MPs, community groups, trade unionists, social justice campaigners and members of the wider public to attend the People’s Assembly Against Austerity’s demonstration.