Commenting on the budget, Steve McCabe MP said: “We needed a budget which delivers for everyone but I’m afraid the Chancellor missed the post”

 In a slightly disappointing fifth budget which had been heavily trailed in the media, Chancellor George Osborne had little to offer those suffering from the cost of living crisis or looking for work in the West Midlands.

He announced that he would make tax-free savings in ISAs more generous, introduce new ‘pensioner bonds’ and raise the tax threshold for savers. He also confirmed, as we’ve known for months, that he will raise the personal tax allowance will also rise to £10,500.

Other announcements also included changes to annuities, a cut in bingo duty and a welcome cut of 1p on a pint of beer.

Ed Miliband pointed out that families are now £1600 a year worse off under this government and called on the Chancellor to rule out any further tax cuts for the wealthiest.

Commenting on the budget, Steve McCabe, MP for Birmingham Selly Oak, said:

“The Chancellor is still failing to tackle the cost of living crisis affecting so many families across the country. In my constituency long term youth unemployment is 45% higher than it was in 2010 and we are still in the top 20% of the country for unemployment, my constituents are not telling me it is getting better.  

“The economy may be recovering for some but young people, working people on middle and low incomes and elderly people certainly aren’t feeling the benefits in Birmingham. We needed a budget which delivers for everyone but I’m afraid the Chancellor missed the post.”

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