"Yesterday the chancellor, Rachel Reeves, delivered a Labour budget. People have been asking for Labour's purpose and values to be more clearly expressed. Through the choices made a shift to a fairer tax system, targeting wealth to pay for tackling child poverty, good public services and the cost of living we have clearly set out what we stand for. That's why Labour MPs cheered in the Commons, and it's why we are up for the fights to come."
"The Tories had 14 years to fix things and instead, by any measure, they got much worse. Their ideological austerity and trickle-down economics tax breaks for the wealthy, cutting off investment (leaving us with low productivity and wages), and failing to support young people post-Covid didn't work. Living standards fell by the largest margin since records began, child poverty reached record levels, NHS waiting lists in England were the highest they've ever been."
Labour's budget shifts tax policy toward greater fairness by targeting wealth to pay for reducing child poverty, improving public services, and addressing the cost of living. Labour positions its approach against Conservative austerity and trickle-down economics, arguing those policies produced lower productivity, stagnant wages, rising child poverty, long NHS waiting lists, and a housing crisis. The Conservatives are portrayed as having failed over 14 years to fix these problems. Welfare spending rose under the Conservatives while child poverty also increased because root causes—low pay, high housing costs, and deep inequalities in education, health, and regions—went unaddressed. Labour plans long-term renewal including more social housing.
Read at www.theguardian.com
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