Osborne’s statement knocks desperate Labour for six
George Osborne has made as convincing a case for a majority Conservative government at the next election as anyone who lives in the real world could expect. Hopeless Ed Miliband made an even better case for a Tory government. Or shall we go back to debt, bankruptcy and recession?
The Chancellor of the Exchequer is widely recognised in Westminster as a master of the politics of economics, and Wednesday’s Autumn Statement was a reminder of why he revels in his role as election strategist in-chief.
Loaded with just as many saver-friendly, aspiration-focused incentives as it was landmines for Ed Balls and the opposition, this pre-budget report is designed to draw up the dividing lines ahead of the 2015 election.
Stamp duty, a grievous financial burden for many hardworking taxpayers is facing a significant cut for 98 percent of buyers. Savers who invest in ISA schemes will get to keep the tax-free allowance if their partner dies, providing reassurance and a sense of fairness.
Osborne unveiled a series of tax-breaks for small and medium sized enterprises (SMEs), a measure welcomed by the IT industry. Responding to the announcement, Alan Mason, a director at IT services company Ricoh UK, said: “It was good to hear of further support for lending to and investment in smaller firms.
A key part of growth for SMEs is the ability to invest in technology that allows them to operate more efficiently and deliver new and improved services. High cost for capital equipment can mean SMEs are often unable to make these investments, and so struggle to compete with larger businesses.”
On top of this, the UK is now the fastest growing economy in the G7 and unemployment set to fall to 5.4 percent in 2015. This economic backdrop, coupled with a string of new announcements firmly puts Labour on the wrong side of the argument, causing a serious headache for Ed Miliband.
Labour has had many opportunities to apologise for spending too much money and causing the economic crisis whilst in government. The decision by Ed Balls and Ed Miliband to fail to offer an apology to the British people means they can never be trusted to manage the country’s finances once again.
With George Osborne on the offensive, pushing through radical new economic policies designed to please the electorate and wrong-foot the opposition, Labour have a very bumpy ride on the road to the election next May.
But with a leader of the calibre of Ed Miliband, surely the British people will vote for economic catastrophe once again; or not?
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