Typical Tory Budget
On Wednesday 16 March 2016, the Chancellor, George Osborne, delivered his eighth Budget. A budget that was a culmination of six years of his failures — Jeremy Corbyn let him know:
This budget failed on the deficit, failed on debt, failed on investment, failed on productivity, failed on his own welfare cap and failed to tackle inequality in the UK.
This budget has failed you – See Jeremy Corbyn reply in the Commons on Wednesday
Nearly 801,000 workers are on zero hour contracts. The Chancellor announced £3.5 billion of additional public expenditure cuts, which would further reduce stimulus to the economy. George Osborne has paid for tax cuts for the wealthy by taking money from disabled people. Another £1.4 billion of welfare spending cuts will mainly fall on people with disabilities and further erode the purchasing power of many citizens.
Wednesday was a day of humiliations for the Government. George Osborne’s budget statement clearly demonstrated that the ‘long-term economic plan’ is disintegrating. Across the hall, the Government was decisively defeated in the House of Lords in three separate votes on the Trade Union Bill. On the Political funds, the Government had its heaviest loss, with Peers voting 320 to 172 to limit the measure to new members, and allow a 12-month transition period. The Government’s proposed ban on allowing electronic balloting for votes on strike action also suffered a crushing defeat, of 320-181. The Government is insisting on forcing the bill through, so we may be looking at another Tory rebellion.