• Home /
  • Blog / Public sector finance figures a serious blow to George Osborne

Public sector finance figures a serious blow to George Osborne

Chris Leslie MP, Labour’s Shadow Chief Secretary to the Treasury, responds to today’s public sector finance figures.

“These figures are a serious blow to George Osborne. Not only is he set to break his promise to balance the books by next year, but borrowing in the first half of this year is now 10 per cent higher than the same period last year. As the OBR said last week, stagnating wages and too many people in low-paid jobs are leading to more borrowing.

“Labour will balance the books and get the national debt falling as soon as possible in the next Parliament, but we will do so in a fairer way.

“We will reverse the £3 billion tax cut for the top one per cent of earners, stop paying the winter fuel allowance to the richest pensioners, raise child benefit by just one per cent for two years and cut ministers’ pay by five per cent. And we will act to secure a strong and balanced recovery that delivers more good jobs and rising living standards for the many, not just a few at the top.”

Do you like this post?

Reactions

Please check your e-mail for a link to activate your account.
@NewtonAbbotCLP tweeted this page. 2014-10-21 11:59:41 +0100
Newton Abbot Labour Party posted about Public sector finance figures a serious blow to George Osborne on Newton Abbot Labour Party's Facebook page 2014-10-21 11:59:40 +0100
Public sector finance figures a serious blow to George Osborne

The Labour Party will place cookies on your computer to help us make this website better.

Please read this to review the updates about which cookies we use and what information we collect on our site.

To find out more about these cookies, see our privacy notice. Use of this site confirms your acceptance of these cookies.