Wendy Morton

Absolutely. Small businesses also face a tax on aspiration and entrepreneurship. Inheritance tax will be the death of enterprise. The increases to employer national insurance and the minimum wage will stymie growth and investment. Inflation looks set to be higher than growth under the Chancellor’s measures. In fact, far from this being a Budget for growth, the measures set out by the Chancellor will be a hindrance. If we put all this together, who does it hit? Working people. Even the Chief Secretary to the Treasury admitted that on TV. Think, too, of the jobs for working people that will be lost, or never even created, thanks to the Budget of broken promises. This is a Budget that punishes pensioners, destroys our countryside, chases after our motorists, denies working families and their children choice over education, and saddles young people with more student debt. It is a Budget about ever-increasing spending, ever-higher taxes and an ever-expanding state. Prosperity has never been the result of the state handing out more taxpayer money; it has come from empowering businesses, entrepreneurs and families, and it is about enabling opportunity. Once upon a time, Labour would have been thought of as the party of working people, but not now. Far from fixing the foundations, it is digging an even bigger hole.