Monday, 25 March 2013

Government’s own budget watchdog, OBR confirms that by 2015 people will be worse off than 2010

A more of the same Budget from a downgraded Chancellor

This week’s Budget confirmed that Government is totally failing on the economy. It was a more of the same budget from a downgraded Chancellor.

Growth is down, borrowing is up and families are paying the price, while millionaires are laughing all the way to the bank.

The jobs crisis has deepened further this week according to new figures, and with prices rising faster than wages it’s no surprise that the Government’s own budget watchdog, the Office for Budget Responsibility, confirmed that by 2015 people will be worse off than they were in 2010.


And in the face of all that, and the growing chorus for change, David Cameron and George Osborne gave us a more of the same Budget this week – no change on anything important and the green light for their tax cut for millionaires in two weeks’ time.

What we needed this week was a change of direction and bold action to kickstart our flatlining economy and give real help to families on middle and low incomes - not more of the same failing policies.

It is clear David Cameron and George Osborne’s economic plan has completely failed. Families, pensioners and businesses are paying the price for their failure. Britain deserves better than this.

JOBS CRISIS GETS WORSE – BUT NO CHANGE, JUST MORE OF THE SAME
Budget Day began with a clear sign of David Cameron and George Osborne’s economic failure as new jobs figures showed that unemployment had risen.

When so many promises were made, it is appalling that halfway through the Parliament, Britain is still being scarred by rising unemployment – leaving the next generation to pay a brutal price. This week, youth unemployment has soared back up towards the million mark, overall unemployment is up and unemployment amongst women is up yet again.

If David Cameron needs any more evidence for why he should change course, he should look no further than these figures which show the massive hit working families are now taking.

Families in Britain have taken a £1,200 a year pay cut and that’s why we need real action to kickstart our flatlining economy and help families on middle and low incomes, not a tax cut for millionaires and more of the same failing policies.