Labour has attacked the Chancellor’s “Budget for growth” after official growth figures were downgraded to take its proposals into account.
Speaking in response to George Osborne’s Budget statement in the House of Commons today, Labour leader Ed Miliband said UK growth is being downgraded despite other nations seeing improving figures.
He said: “What is the Chancellor’s singular achievement? To deliver a budget for growth than downgrades the growth forecasts.”
Osborne announced during the Budget that the Office of Budget Responsibility has downgraded the growth forecast for 2011/12 from 2.1 per cent to 1.7 per cent and from 2.6 per cent to 2.5 per cent for 2012/13.
Miliband said: “The Chancellor said at the weekend with his customary modesty that he had completed his rescue mission on the economy. After this Budget, it is not the Chancellor who is rescuing the country. It is the country that needs rescuing from the Chancellor.”