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Britain cannot afford another five years of Labour

Wednesday, April 22 2009

Accounts

This is a Dishonest Budget. From tonight, Britain’s families are facing higher taxes to pay for Labour's Debt Crisis.

After a decade of economic mistakes, Gordon Brown is saddling this country with over £1 trillion of debt.

Britain cannot afford another five years of Labour.

The Budget revealed today: tax rises of £1000 on every family in Britain; tax rises on everyone earning over £19,000; tax rises on all new jobs; higher taxes for motorists and responsible drinkers.

The Labour Government was also forced to admit that Britain faces:

  • The longest recession since the war
  • The fastest rise in unemployment on record
  • Every child born already owing £22,500 in national debt
  • A national debt that will double to £1.4 trillion

Like all Labour governments in history, New Labour has run out of money. 

If the Conservatives had given this Budget, we would have got a grip on government spending, and used the savings from cutting waste to introduce real help now for families and pensioners:

  • Freezing council tax for two years, worth over £200 for the typical family
  • Abolishing income tax on savings for all basic rate taxpayers, worth up to £7,200 a year
  • Raising the income tax threshold for pensioners, worth up to £400 a year
  • Help for the unemployed to upskill and reskill during the recession - and tax breaks for companies who create new jobs

Conservatives will tackle Labour’s Debt Crisis and deliver economic change for Britain.

Read David Cameron's response to the Budget

Find out more about our plans for the economy

George Osborne on Labour's "spectacular own goal"

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The Shadow Chancellor says that Labour have done nothing but highlight their own contradictions on cuts.