Liberal Democrats Too much of this Budget will simply add to the pain people
are already facing.
<[link removed]>
Dear John,
This Government was elected on a promise of tackling the cost of living
crisis and growing the economy - and this is the second Budget where it has
failed to do either.
For millions of people struggling with higher bills, all today’s Budget offers
is higher taxes, from a Chancellor who has diagnosed the disese but refuses to
administer the cure.
The Government has no plan to fix our broken relationship with Europe - the
single biggest thing they could do to turbocharge our economy.
A proper, ambitious deal with Europe - with a new customs union at its heart
- would slash costs for businesses, boost economic growth and help end the
cost-of-living crisis.
Boris Johnson’s terrible Brexit deal has cost the Treasury £90 billion a
year. Imagine how much more support families could be getting today if the
Chancellor adopted our plan to start repairing those Brexit costs.
Instead of that level of urgency and ambition, today we got a Budget that
ignores the biggest economic challenge of our time.
I am glad that the Chancellor has finally listened to our calls to tax big
online gambling companies more fairly, and to scrap the two-child benefits cap,
which will lift children out of poverty and save taxpayers money in the long
term.
And I am relieved to see action, at last, to bring down energy bills - even
though it does not go anywhere near far enough. Britain needs a real plan to
cut bills, investing in renewables and insulating homes - not the plan of the
Conservatives and Reform, who pretend the answer is to scrap climate
commitments, which in reality would push bills even higher and benefit Vladimir
Putin.
For struggling high streets and small businesses, today brought very little
hope. Our call for an emergency VAT cut for the hospitality sector has sadly
been ignored.
And as a carer myself for much of my life, I am deeply disappointed by how
little this Budget offers the millions of family carers keeping our NHS and
society going. We urgently need a cross-party plan to fix social care, because
without it, the NHS will never truly recover.
A caring society, a growing economy, a plan to drive down household bills,
boost our high streets, and go for growth with Europe - that is the vision we
Liberal Democrats have put forward, and one that the Chancellor should have set
out today.
Instead, we got a low-growth, high-tax budget from a government that I fear
just isn't listening.
Best wishes,
Ed Davey MP (he/him)
Leader of the Liberal Democrats
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