Newcastle paid a heavy price for Tory economic austerity – services slashed, wages cut. Now the Chancellor is borrowing billions to gamble on tax cuts & boosting oil companies’ profits. I asked him to apologise for making Newcastle poorer and expecting us to pay for it.The Chancellor responded that ‘tax cuts were for everyone’. Well lets see who benefits – someone on 200k makes 20 times more from the cut than someone on 20k. (£4500 v £218). That’s the Conservative Choice!
The Chancellor also said UK could ‘afford’ to borrow as our debt to GDP ratio is 2nd lowest in G7. But that was true in 2010 & 2015, during which time they slashed our public services, squeezed money out of the economy, refused to invest in growth, to ‘balance the books’. The Chancellor also said UK could ‘afford’ to borrow as our debt to GDP ratio is 2nd lowest in G7. But that was true in 2010 & 2015, during which time they slashed our public services, squeezed money out of the economy, refused to invest in growth, to ‘balance the books’.
PARLIAMENT TV :
Newcastle paid a heavy price for Tory economic austerity – services slashed, wages cut.
Now the Chancellor is borrowing billions to gamble on tax cuts & boosting oil companies' profits.
I asked him to apologise for making Newcastle poorer and expecting us to pay for it. pic.twitter.com/kLTYvyWiKb
— Chi Onwurah ???? (@ChiOnwurah) September 23, 2022