Today’s Budget was another missed opportunity by the Chancellor and the Tory Government.
Labour’s Rachel Reeves MP, Shadow Chancellor has written to Labour members today saying:
Today was a chance to unlock Britain’s promise and potential. But the budget announced by Jeremy Hunt has put our country further down the path of managed decline, while giving the richest 1% a tax cut worth £1 billion.
No belief in the possibilities of the future. No plan to boost living standards.
Economy needs major surgery
Just a hopelessly divided party caught between a rock of decline and a hard place of their own economic recklessness, dressing up stagnation as stability, as their expiry date looms ever closer.
Our economy needs major surgery. But what we got today was more of the same sticking plaster politics.
It’s been the same old Tory choice for thirteen years. No growth for the many and working people paying the price.
Thirteen years without wage growth.
Thirteen years stuck in a doom-loop of low growth, higher taxes and broken public services.
Working people are entitled to ask – am I any better off than I was before? And the answer is a resounding, no.
This crisis is not over and the long-term plan isn’t there. They are continuing to paper over the cracks of thirteen years of economic failure.
Labour pushed to stop energy price rises.
Labour pushed for a proper windfall tax.
With Labour, there is another way.
Britain has immense potential.
That’s why the first mission of a Labour government is to secure the highest sustained growth in the G7, we will create good jobs and productivity growth across every part of our country.
We’d make sure Britain competes in the global race for the jobs and industries of the future, rather than being stuck in the slow lane under the Tories.
Where the Tories have thrown in the towel, only Labour will build a better Britain.