Reacting to today’s budget Lisa said: “The Budget is regressive – it taxes the poor to soften the blow to the rich. Raising VAT to 20% will bring misery for low income families and pensioners. The Tories promised to protect children and older people but what they have given with one hand, they have taken away with another.”
Children were the big losers in one of the harshest budgets for years, losing child trust funds, taking a real terms cut in child benefit and finding their parents’ incomes squeezed by a series of tax hikes.
Lisa said: “leading economists are united in their view that the only effective way to pay off the deficit is by investing in jobs to generate income and growth. The Tories have chosen another path for ideologial reason, and I will fight them all the way.”