Rachael Maskell MP
Rachael Maskell MP

According to Rachael Maskell, the MP for York Central, the Chancellor has today unveiled a “Bankers’ Budget”. This Government is cutting taxes for the super-rich and lifting the cap on bankers’ bonuses. This will deepen inequality and do little to help people and businesses through the cost-of-living scandal that this Government have created. Labelled as a ‘Growth Plan’, this is the sixth ‘growth plan’ since the Tories have been in power, each one failing.

Rachael Maskell MP says:“The Chancellor is living in a parallel universe, when people are worried about their heating and how to feed their families, he is cutting taxes for the super-rich and lifting the cap on bankers’ bonuses.

“This Government has created a cost-of-living scandal and their approach to our economy will deepen inequality. It is the greatest economic incompetence yet seen, leaving us all to pay for this for generations to come.

“The winners from these announcements are the very rich, bankers and oil companies like Shell and BP. The tax cuts for those wealthy few at the top are paid for by the rest of us, not getting a pay rise now, having to cut back, going without and watching on as small businesses get squeezed.

 “I wrote to the Chancellor ahead of today’s statement and highlighted my 5 point plan to help people get through these challenging winter months, and today’s Bankers’ Budget has given communities like York little to be hopeful about. While making a U-turn on National Insurance Contributions which Labour consistently voted against, families and businesses are going to have a tough few months ahead of them.

 “Here in York we are putting plans in place to ensure people are kept warm and fed this winter. The Tories have never looked after those in need, and are failing people yet again. Labour, on the other hand, has set out a very different plan, where the oil and gas giants pay a windfall tax and people will be kept safe.”

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