Grahame Morris MP condemns ‘nothing has changed’ budget from a government which is repeatedly failing the people of Easington
This week the Tory Government offered nothing to vulnerable children living in Easington. This is despite the Tories’ decision to cut taxes on the very banks whose reckless gambling triggered the financial crisis.
John McDonnell, Shadow Chancellor of the Exchequer, said
‘Philip Hammond had a choice, because austerity was always a political choice, not an economic necessity. He could continue with the tax giveaways to the super-rich and the corporations that have been the hallmark of Conservative Chancellors since 2010. Or he could choose to end the crisis in our children’s services.
“But the Chancellor made his decision. The Bank Levy, introduced shortly after the global financial crisis is to be cut further, continuing to the giveaways made by his predecessor, George Osborne, that will see billions handed back to the major banks by 2020. The Banking Surcharge, supposedly introduced to compensate the taxpayer for this loss, won’t come close to making good the difference”.
Grahame Morris, Labour MP for Easington, said
“There is a crisis in the way our Government treats vulnerable children. The government could have shown they understood the situation, and given Easington the funding and resources to address the crisis.
It stretches right across the country, with children’s services facing more and more referrals and less funding to deal with it. Despite this, the Tories are continuing to reduce the Bank Levy. This was the special tax imposed on the banks after the financial crash, but Tory tax giveaways have meant that almost £5 billion will be given away to the banks over 5 years – with even more tax giveaways to follow.
This was a budget from a government which is laughably out of touch and has no clue how most people live their lives. This budget has simply handed more money to the banks, little of which, if any at all, will end up being invested areas like Easington. It has done absolutely nothing to address the unfairness blighting modern Britain”.