, , , , , , , ,

‘We need a real budget focused on jobs, jobs, jobs’ says Portsmouth MP

Speaking ahead of the Chancellor’s summer update this afternoon Stephen Morgan MP said:

“Instead of a limited financial statement, what our city and our country needs today is a real Back to Work Budget – focused on preventing unemployment, supporting the unemployed and creating the jobs of the future.

Listening to constituents and local businesses who have fallen through the gaps in support, I have been calling for Government to abandon its one-size-fits-all approach and wind-down of the furlough and self-employed schemes.

Rather than waiting until the autumn to help those affected by this crisis and indebted small businesses, government should work out solutions for them now and present them today”.

Labour has called for a real budget focused on protecting and creating jobs. To deliver on jobs the Chancellor’s statement the official opposition has said the Government must meet four key tests:

  1. Projects must involve local firms, upskill the local workforce and lead to material improvement in the quality and availability of local employment.
  2. The Chancellor must rebuild economic resilience right across the entire country – and protect those institutions, like local authorities, that can help deliver that resilience.
  3. Every single project must be consistent with the drive to net-zero – so we can build the green jobs of the future
  4. Any benefits of investment now must not be cancelled out by poor decisions later. The Tories promised at the last election there would be no rises in income tax, National Insurance or VAT. We need the economy to bounce back from this crisis, so there’s money in the coffers to protect public finances.