George Osborne’s last chance – and how Labour would make people’s lives better – my article on the Budget

It’s the Chancellor’s last chance. This week’s Budget is George Osborne’s final opportunity to make decisions that will directly affect people before election day next year.

The stakes are high because, after nearly four years of the Tories, working people are on average £1600 a year worse off.

We can all expect George Osborne and David Cameron to try and claim everything is going well. But that’s totally out of touch when millions of working people on middle and lower incomes are not feeling any recovery at all.

Young people stuck on the dole for months on end aren’t feeling it. Pensioners seeing their gas and electricity bills go up each year aren’t feeling it. Parents facing childcare costs so high it barely adds up to go out to work aren’t feeling it.

People aspiring to own their own home but finding rising prices have put their dreams out of reach aren’t feeling it. And nurses who’ve been told they won’t even get the below inflation pay rise they were promised certainly aren’t feeling it.

Of course for some people things are going well. David Cameron and George Osborne have chosen to give people earning over £1 million an average tax cut of over £100,000 this year.

At the same time bank bonuses are on the up, even though bank lending to small businesses keeps on falling.

After three damaging years of flatlining Britain desperately needs a recovery for the many, not just a few at the top.

A Labour Budget this week would tackle the cost-of-living crisis and get the deficit down in a fairer way.

This is what Ed Miliband and I would do:

Labour’s Budget plan

1. Freeze energy bills until 2017 and reform the energy market to stop customers being ripped off

2. Cut taxes for 24 million working people on middle and low incomes with a lower 10p starting rate of income tax

3. Make work pay by expanding free childcare to 25 hours a week for working parents of 3 and 4 year olds

4. Put young people back to work, with a job the young unemployed have to take – paid for by a tax on bank bonuses

5. Get 200,000 homes built a year by 2020 and cut business rates for small firms

6. Balance the books in a fairer way by reversing the £3 billion tax cut for people earning over £150,000

Share and Enjoy:
  • Print
  • Digg
  • Google Bookmarks
  • Add to favorites
  • Yahoo! Buzz
  • Technorati
  • email
  • Facebook
  • MySpace
  • Reddit
  • RSS
  • Twitter
Posted March 16th, 2014 by Ed

Leave a Reply