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ECONOMY NEWS

Younger workers clobbered by budget - Cable
23 March 2007


Mr Vincent Cable

Commenting on analysis from the IFS showing single people with no children, earning less than £18,500 per annum are the big losers from yesterday's Budget, Liberal Democrat Shadow Chancellor, Vince Cable MP said:

"This shows the real impact of Brown's Budget. He is clobbering those on low pay who are often just starting out in the working life.

"It is totally unjustifiable to hit this group of people, who are already having difficulty coping with rising council tax, student loan repayments and who can't get on the housing ladder because property prices are so high.

"It is a slap in the face to all those young people who have studied hard and now can't make ends meet."


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