23.06.2010 Budget hits weakest and puts recovery at risk

The Tory Budget is full of cuts that will hit families hard

George Osborne delivered a Budget that will throw people out of work, hold back economic growth and damage the public services we all rely on. The Tories have broken their promise to be fair, with tax increases and benefit cuts that will hit hardest at the people who can least afford it. 

These cuts will affect you, your family and the people around you. This Budget will affect everyone:

  • Growth next year would have been higher and unemployment lower with Labour’s responsible, credible plan to halve the deficit over four years
  • Increasing VAT from 17.5% to 20%, so that higher prices will be paid in the shops by everyone, from pensioners to the unemployed
  • Cuts to tax credits, and cutting back free school meals
  • Cuts to the disability living allowance, cuts to help for the jobless
  • Freezing Child Benefit for the next three years

It is important to set the record straight, the Tories can't encourage economic growth, and reduce the deficit,  by throwing people out of their jobs and abandoning support for business. People will be worrying about what these cuts will mean to their livelihoods, and for the future of their family.

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