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| Version 0 | Version 1 |
|---|---|
| Budget 2016: Jeremy Corbyn attacks Osborne's 'failure' | Budget 2016: Jeremy Corbyn attacks Osborne's 'failure' |
| (35 minutes later) | |
| Jeremy Corbyn said the Budget had "unfairness at its very core" as he responded to George Osborne. | Jeremy Corbyn said the Budget had "unfairness at its very core" as he responded to George Osborne. |
| The Labour leader said the chancellor's statement was "a Budget of failure" on the deficit, investment and inequality. | The Labour leader said the chancellor's statement was "a Budget of failure" on the deficit, investment and inequality. |
| He attacked cuts to disability benefits and criticised "mate's rates" corporate tax deals - but welcomed a new levy on sugary drinks. | He attacked cuts to disability benefits and criticised "mate's rates" corporate tax deals - but welcomed a new levy on sugary drinks. |
| Mr Osborne also announced extra spending cuts of £3.5bn and an increase in the higher tax threshold. | Mr Osborne also announced extra spending cuts of £3.5bn and an increase in the higher tax threshold. |
| He said his Budget - which also includes forcing all state schools to become academies - "puts the next generation first". | He said his Budget - which also includes forcing all state schools to become academies - "puts the next generation first". |
| But Mr Corbyn said only a Labour government could "harness the enthusiasm" of young people. | But Mr Corbyn said only a Labour government could "harness the enthusiasm" of young people. |
| He said Mr Osborne's Budget was "the culmination of six years of his failures" accusing him of presiding over low productivity, investment and ambition, and failing to show a "real commitment" to ending inequality. | He said Mr Osborne's Budget was "the culmination of six years of his failures" accusing him of presiding over low productivity, investment and ambition, and failing to show a "real commitment" to ending inequality. |
| 'Locked out' | 'Locked out' |
| Despite the "rhetoric" of the Northern Powerhouse, Mr Corbyn said, there was "systematic under-investment in the North" and the government had "stood by as the steel industry bled". | Despite the "rhetoric" of the Northern Powerhouse, Mr Corbyn said, there was "systematic under-investment in the North" and the government had "stood by as the steel industry bled". |
| He also attacked the government's record on home ownership, saying a generation had been "locked out" by its policies. | He also attacked the government's record on home ownership, saying a generation had been "locked out" by its policies. |
| "The gulf between what the Conservative government expects from the wealthiest and what it demands from ordinary British taxpayers could not be greater," he said. | "The gulf between what the Conservative government expects from the wealthiest and what it demands from ordinary British taxpayers could not be greater," he said. |
| "The 'mate's rates' deals for big corporations on tax deals is something they will be forever remembered for. | "The 'mate's rates' deals for big corporations on tax deals is something they will be forever remembered for. |
| "This is a chancellor who has produced a Budget for hedge fund managers more than for small businesses." | "This is a chancellor who has produced a Budget for hedge fund managers more than for small businesses." |
| In his Commons address Mr Osborne, who promised a £10.4bn surplus by 2019-20, aimed a joke at Mr Corbyn, the Islington North MP, saying the proposed Crossrail 2 rail link was "good for people in North London who are heading south". | In his Commons address Mr Osborne, who promised a £10.4bn surplus by 2019-20, aimed a joke at Mr Corbyn, the Islington North MP, saying the proposed Crossrail 2 rail link was "good for people in North London who are heading south". |
| He also revised down growth forecasts, warned of the risks of an EU exit, and announced a £115 million package to help rough sleepers. | |
| Responding to the homelessness announcement, John Healey, Labour's housing spokesman, said he welcomed the fact that Mr Osborne had "finally woken up to the fact there's a problem". | |
| But he said five times as much had been cut from housing support in November's Spending Review. |