Ed Davey: "Billionaires’ budget" shows Chancellor doesn’t have a clue

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Liberal Democrat Leader Ed Davey has slammed today’s fiscal statement as a “billionaire’s budget,” saying it shows the Conservatives are completely out of touch.

It comes after analysis by the Resolution Foundation found half of the government’s tax cuts will go to the wealthiest 5% of the population.

Liberal Democrat Leader Ed Davey said:

“This was the billionaire’s budget, showing the Conservatives are completely out of touch with families struggling to pay the bills.

“They have no plan for people facing soaring prices or for high streets on the brink of collapse. The Chancellor showed today he doesn’t have a clue. 

“Handing money to banks and the richest corporations while refusing to support those struggling to make ends meet is the behaviour of a pantomime villain, not a government serious about fairness and prosperity.” 

ENDS

Notes to Editor

Resolution Foundation research can be found here.