The Tory’s austerity measures are just not working…figures released show there are weaker tax revenues, substantially higher public spending, and growth at only 0.8% rather than the predicted 2.5%. So with unemployment still increasing, youth unemployment at its highest and no plan in Osborne’s budget for growth and more cuts on the way it is only going to get worse.
The LibDems have championed an increase in tax allowances and therefore it is no surprise that they have clung on to this one issue in any discussion relating to the budget as they know that there is little else in this Tory budget that they can be proud of.
They really do not have any credibility left. Osborne’s ‘Millionaire’s budget’ will only help the privileged. The removal of the 50p tax rate, and no mansion tax or tycoon tax, shows that they really are the same old Tories.
We are ‘all in this together’ – NOT…the Tories have shown their true colours and launched an attack on the pensioners with a stealth tax which will ensure they will be the big losers in this budget. Other losers are families who will face reductions in child benefit with a taper (that will be highly complex to implement) and cuts to working tax credits.
If all this is not bad enough, there is a renewed attack against the working classes and the labour movement with the Tory proposals for regional public sector pay. This attack on national pay bargaining will only help widen the pay gap across the country. Different levels of pay for the same job dependant on which region or county you are in. This drive to press ahead with regional pay will be an economic disaster for the poorest regions of the UK, cementing the North-South divide. Spending power will be drained from these areas, and siphoned off even more rapidly.
This coalition government has received no mandate for this Tory budget. Cameron’s Big Society has been left in the gutter to be replaced by his Big Capitalist Society. Sorry George but this really is a #fail