My Response to the Budget
The Chancellor announced his Budget this month. This is an important opportunity each year for the Government to set out a positive agenda for our economy and to fully unlock the potential across Britain. Unfortunately, I believe that this Budget didn’t go far enough.
In my role as Shadow Exchequer Secretary to the Treasury, I expressed my concerns about the lack of ambition in the Budget and I spoke about what Labour would do differently. Firstly, the Government still refuses to implement a proper windfall tax to make the oil and gas giants pay their fair share. This means they are leaving billions on the table that could be used to help families with the cost of living.
Furthermore, in this Budget the Chancellor announced a tax cut to the richest 1% and their pension pots. I believe this was wrong and Labour would reverse this handout.
You can see a clip of my interview on Channel 4 News discussing the budget and how Labour would do things differently here.
Labour plans to deliver on Britain’s call for change with a new way of governing that will build a fairer, greener, more dynamic Britain with power closer to people. We will provide vital public investment through our Green Prosperity Plan, updating our planning system to remove barriers to investment in new industries and meet our net zero targets.
I believe the country needs stability and not the chaos we have recently seen from this Conservative Government. We have a serious plan for growth and want to see all our nations and regions benefit from and contribute to the jobs and growth of the future.