Brexit Britain’s economy is being built on sand – McDonnell responds to the budget

8th March, 2017 3:57 pm

This is the full statement put out by shadow chancellor John McDonnell in response to the budget. 

“Philip Hammond has used his first Budget to claw £2 billion in tax on those self-employed who are on low and middle incomes. But he continued to boast about the £70 billion worth of tax giveaways at the top announced by his predecessor.”

“Labour will oppose this unfair £2 billion sole traders tax on the self-employed low and middle earners.”

“Rather than provide the funding that would end a social care crisis in which 1 million vulnerable people go without adequate care, or calling an end to the state of emergency in our NHS, the Tories are doing next to nothing and don’t seem to recognise the scale of the crisis they have created.”

“The Tory rigged economy continues for households in our country, who face being £1,800 worse off by the end of the forecast period, and if you are on the National Living Wage by the end of this parliament you face a 25p per hour cut.”

“This Budget does not address the problems created by seven years of Tory failure, and it has failed the fairness test for women who will be hit by a cuts in public services, and the national living wage.”

“Instead of equipping our country for Brexit, he is building our economy on sand, and the little he has announced today will mean we are less prepared for the challenges we face outside of the EU.”

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