Guy Nicholson: Budget silence on cost of living

The Chancellor in his Tory budget, put together with his Lib Dem allies, boasted about how well things are going in our economy, but he is totally out of touch with hardworking people who are facing a cost-of-living crisis.

After nearly four years of the Tories, households are on average £1,600 a year worse off and not feeling any economic recovery at all.

David Cameron and George Osborne can’t deliver a recovery for the many because they stand up for a privileged few. They have cut the top rate of tax for people earning over £150,000 while everyone else is worse off.

We need a recovery for the many, not just a few at the top. So I am calling for action to deal with the cost-of-living crisis. Labour in 2015 will:

  • Freeze energy bills until 2017 and reform the broken energy market.
  • Put young people back to work, with a job the young unemployed have to take – paid for by a tax on bank bonuses
  • Expand free childcare for working parents to 25 hours a week for 3 and 4 year olds
  • Cut taxes for 24 million working people on middle and low incomes with a lower 10p starting rate of income tax
  • Cut business rates for small firms and a plan to get 200,000 homes built a year by 2020
  • Scrap the Bedroom Tax
  • Balance the books in the next Parliament, in a fairer way including reversing the £3 billion tax cut for people earning over £150,000.

 

The Tory led Government is out of touch – a Labour Government in 2015 will be for the many.

 

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