22/06/2010

Budget 'To Hit Poorest', Says Labour

The Labour opposition has said that today's 'emergency' Budget will hit the poorest hardest and that the cuts the Tories are implementing are 'ideologically driven'.

While the details remain unclear ahead of the Chancellor's speech this afternoon, it is sure to be one of the toughest package of tax increases and spending cuts in a generation.

However, Chancellor George Osborne, who will speak from 12.30pm, said it would be "tough but fair", as he seeks to cut the £155bn deficit.

Middle-class benefits and public sector pay may be hit but 900,000 low earners will be taken out of the tax system.

(BMCC/GK)


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