My response to today’s GDP figures

Now that growth has finally returned, the question is whether ordinary working people will properly feel the benefit and we have a balanced recovery that’s built to last.

David Cameron and George Osborne want to tell people the cost-of-living crisis is over, but millions of hardworking people are still feeling no recovery at all.

Under this government, wages after inflation are down by over £1,600 a year. On top of this, tax and benefit changes will leave families almost £1,000 a year worse off by the time of the next election.

And with business investment still weak, infrastructure output down and housing demand outstripping housing supply, this is not yet a recovery that is built to last.

Labour’s plan will ensure we earn our way to higher living standards for all, not just a few at the top, and secure a strong and balanced recovery that is built to last.

We will freeze energy bills, reform the banks, cut business rates, get 200,000 new homes built a year and expand free childcare to make work pay.

And where this Government has failed on the deficit, we will balance the books in the next Parliament in a fairer way – including by reversing this Tory-led government’s £3 billion tax cut for the top one per cent of earners.

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Posted April 29th, 2014 by Ed

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