Budget not “Fit for the future”, says Corbyn
Budget not “Fit for the future”, says Corbyn
Labour leader Jeremy Corbyn has argued that the 2017 Budget is not “fit for the future” as suggested by the Government, as it does not address the current needs of the country.
Responding to Chancellor Philip Hammond’s budget, Mr Corbyn said it is a record failure in the wake of the downward reversion of economic growth and productivity alongside wages and living standards.
“People’s wages and living standards revised down. What sort of ‘strong economy, fit for the future’ is that?” he asked.
According to the Labour leader, the conservatives' continuous pushing forward of the deadline for deficit eradication from 2015 to the most recent 2025 is a clear indication of failure, adding that the Government is missing major targets due to failed, damaging policies and austerity measure.
Mr. Corbyn also criticised the May- led Government for the rise in rough sleeping, saying as many as 120,000 children will spend this Christmas living in temporary accommodation.
“It’s a disaster for those people sleeping out on the streets, forced to beg for money for a night shelter. They are looking for action from government to give them a roof on their heads”, he said.
The Labour leader said Government figures further indicate that every region in the north of England has seen a fall in spending on services since 2012. This, coupled with counterproductive austerity and lack of investment, has resulted in sluggish growth and shrinking of public investment has halved.
“Under this Government, the UK has the lowest rate of public investment in the G7, but it is now investing in driverless cars after months of road-testing back seat driving in government,” he said.
The Liberal Democrats, too, called the Chancellor’s announcement of £2.3bn extra for research and development a “con.” They argued this figure is just about replacing the money British firms were receiving from the European Investment Fund, deeming it merely substitute money.
Responding to Chancellor Philip Hammond’s budget, Mr Corbyn said it is a record failure in the wake of the downward reversion of economic growth and productivity alongside wages and living standards.
“People’s wages and living standards revised down. What sort of ‘strong economy, fit for the future’ is that?” he asked.
According to the Labour leader, the conservatives' continuous pushing forward of the deadline for deficit eradication from 2015 to the most recent 2025 is a clear indication of failure, adding that the Government is missing major targets due to failed, damaging policies and austerity measure.
Mr. Corbyn also criticised the May- led Government for the rise in rough sleeping, saying as many as 120,000 children will spend this Christmas living in temporary accommodation.
“It’s a disaster for those people sleeping out on the streets, forced to beg for money for a night shelter. They are looking for action from government to give them a roof on their heads”, he said.
The Labour leader said Government figures further indicate that every region in the north of England has seen a fall in spending on services since 2012. This, coupled with counterproductive austerity and lack of investment, has resulted in sluggish growth and shrinking of public investment has halved.
“Under this Government, the UK has the lowest rate of public investment in the G7, but it is now investing in driverless cars after months of road-testing back seat driving in government,” he said.
The Liberal Democrats, too, called the Chancellor’s announcement of £2.3bn extra for research and development a “con.” They argued this figure is just about replacing the money British firms were receiving from the European Investment Fund, deeming it merely substitute money.
“It is no surprise that the pound plummeted during Philip Hammond’s speech – if the Chancellor were on I’m a Celebrity, he would have been voted out of the Jungle, ” they wrote in a statement issued on the Lib Dem website.
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