Labour leader says government has presided over decade of stagnation and Tory mavericks attack chancellor
Conservatives
The Labour leader attacked the government for presiding over more than a decade of economic stagnation and low wages, with the Office of Budget Responsibility“Like millions across our country, this budget leaves us stuck in the waiting room, with only a sticking plaster to hand,” said Starmer. “A country set on a path of managed decline, falling behind our competitors; the ‘sick man of Europe’ once again.
MPs praised or complained about individual items, but there was not the shocked outrage over the entire package that characterisedSome of Starmer’s heaviest criticism was aimed at the budget’s biggest surprise measure – the abolition of the lifetime pension tax allowance, which will benefit anyone who can build a pension pot of more than £1m.
Seema Malhotra, the shadow business minister, called the measures a “missed opportunity” for not setting out more of an industrial strategy. “We needed to see a strong serious industrial policy framework for the long term,” she said. “But today’s budget did not even come close.”
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