Chancellor's Budget Statement
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20 Mar 2014
This week's Budget proved that you’re worse off under this Government, with no action to deal with the cost of living crisis.
The Chancellor boasted about how well things were going, but it was totally out of touch. We need a recovery for the many, not just a few at the top. Wages are down £1,600 a year since 2010, whilst the Office for Budget Responsibility has confirmed that people will be worse off in 2015 than they were in 2010.
The Chancellor has overseen the slowest recovery for 100 years and is forecast to borrow over £180 billion more than planned. He cut the top rate of tax for people earning over £150,000, while everyone else is worse off. Bank bonuses are rising again, even though businesses still can’t get the finance they need.
This Government can’t deliver a recovery for the many because they stand up for a privileged few.