Steve tells Chancellor to get real and think about those hardest hit

Steve McCabe MP, Birmingham Selly Oak, has called on the Government to take responsibility for poor

 

The Office for Budget Responsibility (OBR) has downgraded GDP growth forecasts to 0.9% for this year, down from 2.3%. The OBR has downgraded its forecasts 4 times in the last 18 months.

 

 

The bad news goes on with the Chancellor announcing that unemployment is expected to rise to 8.7% next year. The Institute for Public Policy Research has forecast that by 2020 employment in the West Midlands will still be 2% lower than in 2008.

 

 

The Chancellor also announced that Government borrowing will be £112 billion more than previously forecast.

 

 

Steve said:

“The current situation is totally unsustainable. Unemployment figures out this month have topped a 15 year high, with youth unemployment reaching 1 million.

 

 

“The Chancellor has pledged £1billion to tackle youth unemployment. This is not enough to ensure Britain’s economic recovery.  In any case Labour’s Future Jobs Fund was working and was helping more young people into jobs. It seems totally irresponsible to me to abolish a scheme that was working with one that won’t be up and running until at least the middle of next year.

 

 

“Forcing more people onto the dole is not going to reduce the deficit and it certainly isn’t going to help stimulate the economy.

 

 

“The Government needs to face facts; by raising taxes like VAT and cutting too severely they are hitting our young people and those on low incomes the hardest.

 

 

“It is clear, Plan A has failed. Cameron and Osborne need to change track, and fast.”

 

 

 

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