Grantham & Bourne Labour Party Grantham & Bourne Labour Party
Today’s budget lifted the lide on 14 years of chaos and economic failure by this Tory government.
People of Grantham and Stamford are fed up with the excuses for the faliure that impacting on their day to day lives.
Households will be £870 worse off under Sunak’s tax plan on average, giving 5p for every 10p being taken from you – This budget confirms the UK has the highest tax burden in 70 years,
This has been the worst parliament for living standards on record – It will be the only Parliament on record where living standards have fallen
This budget reveals that growth in GDP per capita is negative this year and has been downgraded in four years of the forecast period – The latest ONS figures show seven consecutive quarters of falling GDP per capita from the start of 2022, the longest period of stagnation since the 1950s
The Conservatives have wrecked the public finances – Debt has almost tripled under the Conservatives from £1 trillion to just under £2.6 trillion.
There has been a muted response from business with the Insitutue of Directors calling it a ‘Unremarkable Budget for business’, UK Hospitality highlighting there is ‘Very little for hospitality businesses’ and the British Retail Consortium remarking that this budget will ‘Will do nothing to turbo charge investment and growth in communities’
We call on the Prime Minister to call a general election to put this government out of it’s misery. Let the people decide on the direction of the country.
"This budget will ‘Will do nothing to turbo charge investment and growth in communities" British Retail Consortium