Fixing the NHS and rebuilding Britain will be at the heart of the
Chancellor's Budget today (Wednesday 30 October) as she takes the
choices needed to restore economic stability and begin a decade
of national renewal.
The Chancellor will set out her Budget which
will fix the foundations to deliver change while ensuring working
people don't face higher taxes in their payslips.
In this Labour Government's first Budget, the Chancellor will
reflect on the inheritance left by the Conservatives, which
resulted in a £22 billion black hole in the public finances. She
will set out the different choices that the Labour Government
will make, in the national interest, to turn the tide on the Tory
record, which crashed the economy, sent mortgages through the
roof and wasted billions of pounds of taxpayers' money, leaving
public services on their knees and working people to pick up the
bill.
Acknowledging that while there are no shortcuts to fixing the
mess the Conservatives left, the Chancellor will say that the
prize on offer is immense.
Chancellor of the Exchequer, , is expected to say:
“My belief in Britain burns brighter than ever. And the prize on
offer to today is immense.
“More pounds in people's pockets. An NHS that is there when you
need it. An economy that is growing, creating wealth and
opportunity for all. Because that is the only way to improve
living standards.
“And the only way to drive economic growth is to invest, invest,
invest. There are no shortcuts. To deliver that investment we
must restore economic stability.”
She will make clear that this Budget rejects austerity, instead
prioritising economic stability, investment and reform. The
Budget will ensure funding to cut hospital waiting lists, unlock
affordable homes and new investment to rebuild schools.
Meanwhile, working people won't face higher taxes in their
payslips in line with the manifesto commitment not to increase
taxes on income tax, VAT or employee national insurance.
The Chancellor will reflect on the tough decisions she has had to
make to restore economic stability, on spending and welfare by
cracking down on fraud, tax avoidance and waste, and making sure
every penny of taxpayer money is spent wisely.
The Chancellor will go on to say:
“This is not the first time that it has fallen to the Labour
Party to rebuild Britain. In 1945, it was the Labour Party that
rebuilt our country out of the rubble of the Second World War. In
1964, it was the Labour Party that rebuilt Britain with the white
heat of technology. And in 1997, it was the Labour Party that
rebuilt our schools and hospitals.
“Today, it falls to this Labour Party, this Labour government, to
rebuild Britain once again.”
