‘Hugely unfair and completely irresponsible’ – Twickenham MP’s verdict on ‘mini’ Budget
By Rory Poulter
27th Sep 2022 | Local News
The Twickenham MP has slammed last week's so-called mini Budget, accusing the Government of favouring fat cats over struggling households.
Writing in her newsletter, Munira Wilson, said: "It's no understatement to say that I was utterly gobsmacked by what the Chancellor Kwasi Kwarteng announced in his "mini-budget" last Friday.
"Make no mistake, there was nothing "mini" about it: these are sweeping changes that are hugely unfair and completely irresponsible."
She added: "It's unfair because this is a fat cat budget that benefits the wealthiest and will hit the poorest the hardest.
"While the highest earners enjoy tax cuts, bankers have their bonus caps lifted, and oil and gas companies rake in huge profits, regular hardworking people will be feeling the pain."
The MP has joined fellow Lib-Dem MPs in demanding a recall of Parliament to tackle the fall-out.
Ms Wilson said: "It's reckless and irresponsible because we now face huge levels of borrowing, rising interest rates, a plummeting pound, the worst inflation in decades, and an economy heading into a recession.
"The cost-of-living crisis will only get worse, with families left facing soaring energy and food prices, and higher mortgages. Meanwhile, I dread to think what this unfair budget means for our struggling schools, hospitals and other public services.
"This is not a plan, but a recipe for disaster. The Government has shown just how out of touch it is with people in Twickenham and across the country.
"We need a real plan to grow the economy to deal with soaring energy bills, sky-high petrol prices and rising food costs.
"The Liberal Democrats would scrap unfair tax handouts for banks and other multinational companies raking in huge profits, and use the money to help struggling families with their bills instead. You can learn more about what the Liberal Democrats are calling for here."
The Chancellor, Kwasi Kwarteng, has promised to set out further details of a reform package designed to promote economic growth at the end of November. He also pledged to publish an Office of Budget Responsibility verdict on the impact of the government's tax proposals.
Separately, the Bank of England has indicated that sharp rises in interest rates are in the pipeline, in order to bear down on inflation, so taking money out of people's pockets and counter the impact of government tax cuts.
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