Nov 25

Labour offers alternative to Tory failure

Today, Labour will be campaigning in communities across the country for an alternative to the Tory budget, which independent analysis has shown, will condemn those on average earnings to be around £1,400 a year worse off by 2021.Budget logo 2017

The Institute for Fiscal Studies analysis also points out that ‘the forecasts for productivity, earnings and economic growth make pretty grim reading.’

Even the Chancellor’s attempt to grab the Budget Day headlines with a cut to Stamp Duty for first-time buyers turns out to be a policy that will increase house prices and ultimately help sellers and prove a major disappointment to many hoping to get onto the housing ladder.

Cutting stamp duty, without the significant increase in house-building that Labour promised, will only drive up prices, rather than help the millions of young people who want to buy a home of their own.

There is no extra government investment in new affordable homes, no action to help private renters with soaring costs, and just three small-scale pilots to help the homeless.

Seven years of Tory failure on housing has seen homelessness shamefully double, home-ownership fall to a 30-year low and the lowest number of new social rented homes since records began. The country needed much better than this Budget offered.

The Chancellor failed to ring-fence mental health spending and refused to provide the money the NHS says it needs to start hitting the targets for all kinds of conditions that it is now consistently missing.

On Universal Credit, where Parliament voted for radical reform of a system that is leaving tens of thousands of vulnerable people without help over Christmas, the Chancellor put back just £1 for every £10 cut from the system.

However it is measured, the Tory Budget is awful. That is why Labour’s latest National Campaign Day is making the case for a Labour alternative for the many, not the few.

As part of the National Campaign Day, Labour in Liverpool Wavertree is hosting a street stall at the Childwall triangle, L16 0JN starting at 12 Noon. If you’ve never campaigned before don’t worry. Experienced members will be on hand to offer support. For more information please call Merfyn on 07912 644661.

To find the nearest event to you, just click here.