Speeches sourced from the Labour party’s online archive More…

Chris Leslie MP, Labour's Shadow Treasury Minister, responding to government announcements on public spending today, said: 

"An increase in capital spending of just £2.5 billion compares to deep cuts of £12.8 billion to infrastructure investment in the last three years on the plans George Osborne inherited.  

"If this is the only additional investment in infrastructure in the Budget it will be a huge disappointment. Business groups, the IMF and even Vince Cable have all said now is the right time to invest, at record low interest rates, in building homes, road and schools to create jobs now and strengthen our economy for the future.  

"The test for the Budget is whether it delivers bold action to kickstart our flatlining economy and significant tax cuts for middle and low income families, not a £3 billion tax cut for the very richest and more of the same failing policies."

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