Daily Mirror article: the medicine has to change, before the patient gets any sicker

George Osborne used to say keeping our credit rating was the main test of the Government’s success or failure.

Losing it would be “humiliating”, he claimed. Now that has happened, the humiliation is his – and even Tory MPs are calling for him to be sacked.

His response shows he is in total denial. Even though the medicine isn’t working, he’s just going to increase the dose and hope for the best.

For struggling families, pensioners and businesses, this just isn’t good enough. And they don’t need a credit rating agency to tell them that Cameron and Osborne’s plan isn’t working.

Prices are rising faster than wages, nearly one million young people are out of work and our flatlining economy means the deficit is going up.

The Tories and Lib Dems are borrowing £212 billion more than planned – much more than Labour’s balanced plan – because the economy isn’t growing. We need urgent action to kick-start it and help people struggling with the rising cost of living.

Let’s build thousands of affordable houses to get builders back to work and provide the homes we need. Give a tax break to small firms taking on staff and use a tax on bank bonuses to fund a job for every young person out of work – which they will have to take up or lose their benefits.

We should also bring back a lower 10p starting rate of tax to help millions on middle and low incomes, paid for by a mansion tax on houses worth more than £2million. And the £100,000 tax cut for millionaires this April has to be cancelled.

Struggling families and pensioners can’t afford another two years of stagnation and falling living standards.

David Cameron must step in immediately and tell the Chancellor that the medicine has to change – before the patient gets any sicker.

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Posted February 25th, 2013 by Ed's team