BUDGET 2016: Osborne is set to borrow £38.5bn more than he planned in November last year

imgl1957Following the Budget statement, Andrew Gwynne MP said:

“Today’s budget reveals that Osborne is set to borrow £38.5bn more than he planned in November last year. George Osborne promised to balance the books by 2015 but he has failed – we’re now in 2016 and there’s still no sign of him meeting his promise.

“While over half a million people with disabilities are losing over £1 billion in personal independence payments, those at the top are being granted tax breaks and corporations are being handed billions in tax cuts.

“The single biggest revenue raiser in the next five years is a huge cut to support for the disabled – which is funding a Capital Gains Tax cut for the very wealthiest.

“This was a budget for making the Tory Party feel good about itself – paid for by those who can least afford it.”

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