Tories

Ed’s Conference 2013 Speech

Ed the action hero… here it is in full

Osborne’s budget will offer cold comfort to ordinary people in Hall Green

george-osborne-image-2-306799915The Chancellor, George Osborne, has just delivered his annual budget statement to the House of Commons. It is his fourth budget since the government came into power in 2010 and, in the words of Ed Miliband, ‘one thing unites them all; things are always worse than the last time around’.

Growth has been downgraded yet again to just 0.6% this year, borrowing is up again, but despite this and the bad news that just keeps coming from the Treasury, Osborne refuses to change course. Every sign of failure he takes as a vindication; every time it is proved that the plan is not working and is hurting ordinary people, Osborne the ideologue becomes more determined to see it through. Rather than trying to make things fairer for the many, not the few, the downgraded Chancellor remains ideologically committed to giving a tax cut to the richest in society in just two weeks’ time, at the same time as ruthlessly cutting welfare and implementing the incredibly unfair and deeply flawed bedroom tax. This is a Chancellor convinced he can recover our economy by squeezing the poor and easing the burden on the rich. He is wrong.

The truth of this budget is that ordinary working people will suffer while those at the top remain untouched. The few concessions that were made, such as the scrapping of the fuel and beer duty escalators, will have negligible impact while the overall cost of living continues to rise due to inflation. The continuation of the 1% cap on public sector pay increases, well below the rate of inflation, means that many people will struggle to afford a decent standard of living over the coming years; on average, private sector wages also continue to increase at a level significantly below inflation. Raising the income tax threshold to £10,000 should be welcomed, but the Chancellor should go further by reducing the basic rate. A cut in VAT back to 17.5% would also encourage growth and give people more spending power with the money they do earn. A plan for jobs and growth, something which Labour has consistently outlined, should have been at the heart of this budget. It was notably absent.

The confirmation of the £72,000 cap on care costs is another example of Osborne’s ignorance of the needs of ordinary people. The reality is that the cap is set so high that it will make little difference to most people who are forced to pay for care for themselves or for their elderly relatives. Today George Osborne could have taken the opportunity to listen to advice from Andrew Dilnot, who wrote the Government’s report on funding social care, amongst others and implemented a considerably lower cap, but he refused.

The budget has proved once more that the government is not on the side of ordinary, hard-working people and families. A downgraded Chancellor who stubbornly sticks to his failing plan is hurting those who most need help while continuing to curry favour with those who need it least. While bankers in the City of London have never had it so good, ordinary people in Hall Green and across Birmingham suffer the consequences of the Chancellor’s failure.

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