The full scale of David Cameron and George Osborne’s economic failure was made depressingly clear this week, with the Chancellor delivering his ‘Autumn Statement’. What's so funny? Working families losing out while 8,000 millionaires get a tax cut.
Our economy is shrinking. Almost 1 million young people are out of work and prices are set to carry on rising faster than wages next year. The result of this failure on jobs and growth is that the Government is failing on the one test they set themselves – to balance the books and get the debt down by 2015.
The Government’s efforts to hide this gloomy truth will not fool the people of Redbridge whose squeezed living standards tell a different story.
While millionaires get a £3 billion tax cut, it is people who are already struggling to make ends meet – middle and lower income families and pensioners – who are paying the price for this failure.