Tuesday 16 February 2021 / 12:01 AM Economy

James Murray comments on calls by the Institute for Fiscal Studies for the Chancellor to “secure the recovery” at the Budget next month

James Murray MP, Labour’s Shadow Financial Secretary to the Treasury, commenting on calls by the Institute for Fiscal Studies for the Chancellor to “secure the recovery” at the Budget next month, said:

 

“Labour has set out what should be the priorities for securing our recovery – protecting jobs with a smart extension to the furlough scheme, and helping British businesses back on their feet by extending the business rates holiday and reduced rate of VAT.

 

“Instead of introducing these urgent measures to protect jobs and business, the Chancellor is hitting households up and down the country with council tax rises, pay freezes, and cuts to Universal Credit, and threatening businesses with a mountain of debt.

 

“The Chancellor is on the wrong side of the argument when it comes to securing our economy. Sadly, it’s the British people who will be left picking up the pieces from his mistakes.”