Tag Archives: 2022 financial statement

• Fiscal statement: Not a plan but “a recipe for disaster”
• A Budget for the Mega Rich at the Expense of Ordinary Citizens
• Debt dossier: Five times Truss and Kwarteng warned unsustainable borrowing could cripple the economy
• Ed Davey: “Billionaires’ budget” shows Chancellor doesn’t have a clue

Fiscal statement: Not a plan but “a recipe for disaster”

Responding to the Chancellor’s fiscal statement today, Liberal Democrat Treasury Spokesperson Sarah Olney said:

This statement was an admission of failure from a Conservative government that is totally out of touch with the British people. It is not a plan, but a recipe for disaster that will leave families suffering from soaring prices while banks and oil and gas companies rake in huge profits.

Instead of a real plan to grow the economy, the Conservatives are reheating the same old failed policies and lifting the cap on bankers’ bonuses.

Handing billions of pounds of tax cuts to banks and multinational companies will do nothing to help people get a GP appointment when they need it, give our children a better education; and make our streets safer.

It’s clear that Kwasi Kwarteng and the Conservatives are taking the British people for granted and have no plan to deal with soaring energy bills, sky-high petrol prices and rising food costs.

A Budget for the Mega Rich at the Expense of Ordinary Citizens

Responding to the Conservatives’ mini budget, Welsh Liberal Democrat Leader Jane Dodds MS has labelled the plans announced as “a hideously out-of-touch’ budget designed to benefit the mega rich at the expense of ordinary citizens”.

Commenting Jane Dodds MS said:

What we have seen today is gross negligence. The Conservatives are intent on a budget that robs the poor to pay for the mega rich.

Someone on £200,000 a year will benefit by an extra £3,000 a year meanwhile those on the breadline will continue to struggle. It is almost criminal and completely detached from reality.

Cuts to cooperation tax, the removal of the bankers’ bonus cap and the abolishing of the top band of income tax for those earning over £150,000 will do absolutely nothing to help the average family this winter.

The Conservatives are reheating the same policies they’ve tried for the last 7 years that haven’t worked and have instead left the UK with stagnant growth, widening inequality and one of the lowest productivity rates in Europe.

This is the most financially irresponsible budget I have ever seen laid out and it will inevitably lead to either cuts in public services or more debt for our children and grandchildren through increased borrowing.

We need a general election immediately to remove this irresponsible and reckless Conservative Government out of power.