George Osborne used his Autumn Statement today to announce a huge squeeze on ordinary people and a £1 billion-a-year raid on pensions.
It comes as the Office for Budget Responsibility reveal they have downgraded their own growth forecasts for this year, next year and the year after due to the Chancellor’s failing policies, confirming that Britain will be living with austerity for years to come. They forecast growth will be -0.1% this year.
Local MP Andrew Gwynne has slammed the Chancellor’s failure to tackle rocketing youth unemployment and a soaring deficit.
Andrew Gwynne MP said:
“Today we found out the true scale of David Cameron and George Osborne’s economic failure. They’re failing on jobs and growth, with the economy shrinking this year. Simple common sense dictates that you can’t have a successful welfare to work programme without work. This Government’s Work Programme has totally failed, with just two people in every hundred staying in work.
“As a result, borrowing and debt figures have been revised up. And the Government has had to admit it is failing on the one test they set themselves – to balance the books and get the debt down by 2015. The government is set to borrow £212 billion more than they planned.
“Nearly 1 million young people are out of work, long-term unemployment is rising and the claimant count is forecast to be 275,000 a year higher in 2015. 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. Instead of a change of course, all we got today was more of the same failing policies.”