Britain deserves better than more of the same failing policies – my Budget verdict in the Daily Mirror

David Cameron and George Osborne’s economic plan has completely failed. And yesterday’s Budget proved it.

Our economy is flatlining, unemployment is going up and prices are rising faster than wages.

And the result is that the government is borrowing billions more to pay for this economic failure – a staggering £245 billion more than the Chancellor planned.

But what did we get yesterday? A change of direction? A recognition that things haven’t worked out?

No, all we got was more of the same failing policies from a downgraded Chancellor who is increasingly out of touch and completely out of his depth.

There was no proper plan to kickstart our economy, boost confidence and create jobs as Labour has called for.

No bank bonus tax to fund a jobs guarantee for young people out of work.

No real action to get lending going to small firms.

And no return of the 10p starting rate of tax to help millions on low and middle incomes.

Instead George Osborne pressed ahead with a £3 billion tax cut for the very richest people in the country.

An average tax cut in two weeks time of £100,000 for 13,000 millionaires, while millions pay more because of cuts to tax credits, child benefit and the bedroom tax.

Of course there were some welcome measures. Labour called for a tax break for small firms taking on extra workers.

The government is now set to introduce a similar scheme – three years after we urged him to act.

We said there had to be more support for people aspiring to buy their own home.

But there was no major investment in building the thousands of affordable homes we need.

And despite small changes on beer and fuel duty, overall families will be hundreds of pounds worse off at the next election than when the Tories and Lib Dems came to office.

It was a more of the same Budget. Because no matter how bad things get and no matter what long-term damage it’s doing to the country, George Osborne is determined to avoid the humiliation of admitting he’s got it wrong.

What we needed yesterday was a change of direction, action to kickstart our flatlining economy and real help for people on middle and low incomes.

But what we got was more of the same failing policies and a huge tax cut for millionaires. Britain deserves better than this.

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Posted March 21st, 2013 by Ed