The price of Tory failure

David Cameron and George Osborne are failing on the economy. And middle and lower income families are paying the price, while millionaires get more.

• Slow growth and high unemployment means that David Cameron and George Osborne are borrowing £212 billion more than they planned
  
• Working families are losing another £279 next year
  
  
• But 8,000 people earning £1 million a year are getting a tax cut worth an average £107,500

We need Labour’s plan for the economy: an economy that grows, where everybody has a stake and the rewards are fairly shared.

Labour is calling for:

• A real plan for jobs and growth – including a temporary VAT cut and a bank bonus tax to guarantee jobs for young people
  
• Long term reform of our economy and banks to make our economy stronger
   
• Cancelling the tax cut for millionaires at a time when millions of families and pensioners are paying more