Osborne promises not to hit the poorest
“We are all in this together. I am not going to balance the budget on the backs of the poor.” – George Osborne, News of the World, 13 March 2010.
The reality is the poorest are paying for the recession and it is the higher income earners who have seen their incomes grow 3 or 4 times higher than inflation whilst the poorest have incomes have declined 5 or 6 times inflation in the last 12 months alone.
These statistics show that the poor are paying for the rich to get richer, they are paying for the mistakes of the reckless bankers, they are being told by this Coalition they alone will pay off the deficit via unemployment, lower wages, public sector cuts and removal of the welfare safety net at at time they are losing their jobs.
These statistics show the last 12 months have been boom time for the rich and a deep recession for the poor.
It makes a mockery of the recent Coaltion cuts aimed squarely at the poorest. The reasons stated for those cuts. Hyndburn's share of over £4 million of cuts and rising, the highest in the country alongside neighbours Burnley and Pendle erases any argument by the Coalition that there is anything fair about these budget decisions.
The £4million cuts exclude the 8 Building Schools For the Future projects hitting every secondary school in the constituency bar the Academy, axed.
The full report