Commenting after the Budget Statement delivered earlier today by the Chancellor of the Exchequer, Slough MP Fiona Mactaggart commented, “This budget doesn’t help low paid hard working people. The so called living wage is accompanied by cuts to tax credits which mean the low paid will be poorer.
“And he has given just nine months’ notice of plans to end children’s benefits to any family which has more than two children in future.
“The Budget doesn’t help with affordable housing. The independent Office for Budget Responsibility estimates that it will lead to a reduction of 14,000 affordable homes. Families in Slough are already affected by the caps on housing benefit which he has made tighter, as a result local people will no longer be able to afford to live in this town near their family and friends.
“It doesn’t put our country on the right long term path. The proposals he announced reduce incentives to work, especially for disabled people, the Chancellor is attacking the incomes of the working poor and their children.
“The Chancellor seemed proud of what he said, but in reality the Office for Budget Responsibility has revised down projections for productivity and said that the Chancellor will miss his targets to increase exports. We needed a budget that provided solutions to Britain’s low productivity by improving training and skills and developing infrastructure such as the urgently needed airport capacity in the South East, but we didn’t get that.”