Last weeks smoke and mirrors Spending Review still leaves working people worse off and fails to address the big challenges facing the country.
The Autumn Statement has confirmed that David Cameron and George Osborne’s poor judgement is putting our future economic prospects at risk and storing up problems for the future.
THE TRUTH ABOUT OSBORNE’S SMOKE & MIRRORS SPENDING REVIEW - WORKING FAMILIES ARE STILL WORSE OFF
George Osborne has been forced to bow to Labour pressure on his unfair tax credits but his u-turn still leaves working people worse off. He is still taking £1 billion from working families next year and over £3 billion by the end of the Parliament.
Treasury documents show Tories are still taking £1 billion from working families next year and over £3 billion by the end of the Parliament.
In the July Budget the Tories announced cuts to tax credits totalling £4.4 billion in 2016-17 – which would hit more than 3 million working families. Yesterday’s announcement is NOT a full reversal – the Government has only scrapped £3.4 billion of the cuts next year. That means working families will still see £1 billion of cuts to tax credits / Universal Credit. This will rise to £3.2 billion by the end of the Parliament. Meanwhile millionaires have been given a tax cut by this Tory Government.
George Osborne has failed on his own terms. He was supposed to have eradicated the deficit by now but borrowing is still set to be £73.5bn this year.
You can’t trust George Osborne to act in the best interest of the British people: He is putting politics ahead of people and his career ahead of the country. He thinks he can cut his way to No.10 but this Spending Review will cut essential day-to-day services in the present, and risk serious harm to the economy in the future. Tory cuts mean:
- Department for Transport spending will be cut by 37%.
- The Department for Communities and Local Government faces a 29% cut.
- The BiS budget is being cut by 17%.
- The DECC budget is being cut by 16%.
- And his announcement on policing doesn’t make up for the fact that there are 17,000 fewer officers since 2010, thanks to the Tories.