Budget for the millionaires not the millions

21.03.12

Today’s budget statement from Chancellor George Osborne outlined substantial cuts to corporation tax along with a reduction in the top rate of income tax for high earners.

ASLEF General Secretary Mick Whelan said ‘The chancellor offers tax cuts to big business and the rich while working people face wage freezes and benefit cuts. I regret that these plans offer nothing to the near 3 million unemployed and will only further entrench the inequalities in our society

The Chancellor also announced funds for Network Rail to upgrade the Hope Valley line between Manchester and Sheffield and improve the Manchester to Preston and Blackpool, and Manchester to Bradford lines.

Mick added ‘any measures which can improve journey times or enhance capacity in the Northern Hub are to be welcomed.’