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[/audioplayer]Thank you Mr Deputy Speaker. The Budget the Chancellor has just delivered is actually a culmination of six years of failure. This is a recovery built on sand and a Budget built on failure. The Chancellor has failed on the budget deficit failed on debt, failed on investment, failed on productivity, failed on the trade deficit, failed on his own welfare cap and failed to tackle inequality in this country.
And today Mr Deputy Speaker, he’s announced growth is revised down. Last year, this year, every year they forecast business investment revised down, government investment revised down. It’s a very good thing the Chancellor blaming the last government he was the Chancellor under the last government.
It’s a Budget with unfairness at its very core paid for by those who can least afford it. He could not have made his priorities clearer. While over half a million people with disabilities are losing over £1 billion in personal independence payments corporations are being handed billions in tax cuts to the wealthy.
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