Virendra Sharma MP has condemned the emergency budget announced by the Chancellor in Parliament today.

Speaking about the budget Virendra Sharma said:

“This budget is an attack on growth and jobs and puts the burden of paying for the bankers mistakes onto the backs of some of the poorest in our society. It is the very opposite of fairness, punishing those who can least afford to be punished through the introduction of a 20% VAT rate, the freezing of child benefit for three years and the capping of housing benefit.”

He continued, “The Tories and LibDems by cutting so deep and so quickly are being reckless with the fragile recovery that the previous Labour government had brought about. They risk a “double-dip recession” that would see growth in the economy falter and the jobless totals rocket.”

He concluded, “This budget is a recipe for economic disaster and by targeting the poor is very unfair. In contrast the previous Labour government had a plan to reduce the deficit fairly without hitting growth and jobs.”