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Response to Chanellor’s Autumn statement

Responding to the Chancellor’s Autumn Statement, Cambridge Labour Parliamentary spokesperson Daniel Zeichner says:

“The Chancellor remains in denial – however much he claims that he is “on the right track”, the facts speak otherwise. The truth is that the economy is going to contract again this year and that far from cutting borrowing, the Government is having to borrow more. People in Cambridge will be particularly disappointed that although four major road-schemes were announced, improvements to the A14 remains years away. His dash for gas undercuts key developments in renewable energy, and many people in the public services will contine to suffer real-terms pay cuts for years to come. But most striking is the abysmal failure of the Liberal Democrats to secure anything from the Chancellor. No mansion tax, a continuing hand-out to the wealthiest, and a mean-spirited cut for people relying on benefits. Instead of a plan for growth and jobs, Osborne is making the poorest and most vulnerable face real cuts in living standards, while handing over £100,000 to people earning over a million pounds a year. No plan for growth, no boost to demand, no change – we can look forward to yet more years when growth targets are revised downwards.” 

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