The Labour leader accuses Jeremy Hunt of pretending that 'everything's on track' -despite the fact the tax burden is still set to be its highest since 1948.
Sir Keir Starmer has attacked the budget as 'the last desperate act of a party that has failed' as he branded Jeremy Hunt and Rishi Sunak 'the Chuckle Brothers of decline'. The Labour leader criticised the chancellor for presiding over a recession and the highest tax burden in 70 years and accused Mr Hunt of using the budget to 'give with one hand and take even more with the other'.
Analysis by Sky News has found that while the overall tax burden will be slightly lower in five years as a result of the NI cut, the effect of income tax thresholds being frozen rather than rising in line with inflation means it will still be at a near 70-year high of 37.1%. The Office for Budget Responsibility, the independent public finances forecaster, has also said living standards will remain below 2019 levels until 2025-26.
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