I guess the latest ToryLibdem budget looks (as usual) as though it will punish the poor and vulnerable in order to reward the better off and millionaires. A section regarding the Bank of England spoke of “relaxing targets” which indicates they will no longer attempt to control inflation. This at a time when benefits and low wages are cut, frozen and VAT is at it’s highest level ever.
Labour MP John McDonnell suspects further hidden measures to reduce social security:
Looks like significant amount of further welfare cuts hidden in depths of budget and public sector pay cuts disguised as progression limits
— John McDonnell (@johnmcdonnellMP) March 20, 2013
Ed MillibandMP labour leader concluded his budget reply with the following
“The Chancellor has failed the tests of the British people:
Growth, living standards and hope.
But he has not just failed their tests. He has failed on his own as well.
Today the Chancellor joined twitter.
He could have got it all into 140 characters.
Growth down. Borrowing up. Families hit. And millionaires laughing all the way to the bank. #downgradedChancellor.
Mr Deputy Speaker, more of the same is not the answer to the last three years.
More of the same is the answer of a downgraded Chancellor, in a downgraded Government.
Britain deserves better than this”
Full Budget Reply CLICK HERE
BUDGET Main points CLICK HERE