Labour's Budget: A Shift Towards Fairness and Renewal
Yesterday, Chancellor Rachel Reeves delivered a Labour budget that has been welcomed by the party's MPs. The choices made in the budget - a shift towards a fairer tax system, targeting wealth to pay for tackling child poverty, good public services, and the cost of living - have clearly set out what the party stands for.
The central dividing line in British politics is once again on the economy. Labour wants to change the system so it benefits ordinary working people, while the Tories support the status quo and failed ideology of the past. The party must now take on and win the argument.
Under 14 years of Tory rule, things got much worse. Ideological austerity and trickle-down economics didn't work, with living standards falling, child poverty reaching record levels, NHS waiting lists in England at their highest, wages stagnant, a housing crisis taking hold, and young people scarred by Covid left on the scrapheap.
The two-child benefit cap was always a cruel social experiment. Poorer families with children suffered from it, with most parents in work but still struggling to make ends meet. It pushed 300,000 more children into poverty, costing us more in the long run and being callous and immoral.
But Labour has acted urgently, despite the difficult economic context. Lifting the cap will have a positive impact on thousands of families, particularly in Manchester Central, where over 5,000 children will be lifted out of poverty.
The budget also includes measures to address deep inequalities, such as building more social housing, increasing wages and new rights for workers, boosting investment in infrastructure and new industries, getting waiting lists down, and bringing down the costs of childcare and energy as we drive towards clean power.
Fairness and purpose are at the heart of Labour's plans. The budget is a clear statement that we won the election as Labour, and will govern as Labour. We must seize back the political megaphone and set the agenda about what's really wrong with the country and how we're fixing it.
The battle to renew Britain and tackle deep inequalities is now on. Let's keep hold of this budget and win this fight.
Yesterday, Chancellor Rachel Reeves delivered a Labour budget that has been welcomed by the party's MPs. The choices made in the budget - a shift towards a fairer tax system, targeting wealth to pay for tackling child poverty, good public services, and the cost of living - have clearly set out what the party stands for.
The central dividing line in British politics is once again on the economy. Labour wants to change the system so it benefits ordinary working people, while the Tories support the status quo and failed ideology of the past. The party must now take on and win the argument.
Under 14 years of Tory rule, things got much worse. Ideological austerity and trickle-down economics didn't work, with living standards falling, child poverty reaching record levels, NHS waiting lists in England at their highest, wages stagnant, a housing crisis taking hold, and young people scarred by Covid left on the scrapheap.
The two-child benefit cap was always a cruel social experiment. Poorer families with children suffered from it, with most parents in work but still struggling to make ends meet. It pushed 300,000 more children into poverty, costing us more in the long run and being callous and immoral.
But Labour has acted urgently, despite the difficult economic context. Lifting the cap will have a positive impact on thousands of families, particularly in Manchester Central, where over 5,000 children will be lifted out of poverty.
The budget also includes measures to address deep inequalities, such as building more social housing, increasing wages and new rights for workers, boosting investment in infrastructure and new industries, getting waiting lists down, and bringing down the costs of childcare and energy as we drive towards clean power.
Fairness and purpose are at the heart of Labour's plans. The budget is a clear statement that we won the election as Labour, and will govern as Labour. We must seize back the political megaphone and set the agenda about what's really wrong with the country and how we're fixing it.
The battle to renew Britain and tackle deep inequalities is now on. Let's keep hold of this budget and win this fight.