Commenting on the 2010 Budget announced today (Wednesday), TUC General Secretary Brendan Barber said: “This was a measured Budget that took no risks with the recovery and showed that the Government’s handling of the recession is working."
“Better than expected tax income and lower unemployment has given the Chancellor scope to extend the jobs guarantee for young people and provide some extra money for tackling poverty. Support for business, a green investment bank and for industrial policy are welcome steps in rebalancing the economy away from finance."
“We welcome the decision to maintain this year’s planned increase in spending, but there are real concerns that cuts planned for future years will damage public services."
“Instead the Chancellor should have put more emphasis on raising tax from those who benefitted most from the boom years, through a Robin Hood Tax on financial transactions and limits on tax breaks for the rich.
“This was a good Budget. The Chancellor not just acted responsibly, but with a real sense of social justice and the need for government to help create a better, fairer and more sustainable economy.”
Further TUC comment on the Budget is available at www.touchstoneblog.org.uk
Midlands TUC Media This blog contains material from the Midlands TUC. Our media releases will appear on this site as well as linking to the Midlands TUC website which hosts our enewsletters and much more.
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