Labour Party Budget 2023
Labour Party Budget 2023
Austerity, Brexit, and £30bn of wasteful spending have all contributed to 13 years of low growth, suppressed wages, and the current cost of living crisis. If average wages had kept up with average economic growth pre-2007, we would all be £10,600 better off. Instead, a lot of the money that the Government does spend is lost to fraud or funnelled to political cronies. That includes almost £7 billion lost to fraud and criminals through Covid support schemes.
The Tories seem to think that the cost-of-living crisis is over but we know it isn’t, it’s getting worse, and this budget doesn’t do enough to help. Living standards are expected to fall by 6% during this fiscal year, the largest fall since records began, and the flagship childcare measure that the Government announced won’t be fully available until 2026! People in Garston and Halewood need support now. We are the only G7 country not to recover our pre-covid economic position and the Office for Budget Responsibility predict that this will be the case even in 2028.
Labour would bring in a proper windfall tax on oil and gas giants to help with the cost of living and we would scrap the non-dom tax status to fund universal breakfast clubs and one of the biggest expansions of the NHS workforce. Only Labour is on your side.
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