Chancellor George Osborne is delivering his Autumn Statement - a speech described as the "Government's last big economic event".
Mr Osborne used the statement to trumpet the Conservative-led government's economic credentials, telling Parliament: "Our long-term economic plan is working."
He said: "Now Britain faces a choice.
"Do we squander the economic security we have gained, go back to the disastrous decisions on spending and borrowing and welfare that got us into this mess?
"Or do we finish the job – and go on building the secure economy that works for everyone.
"I say: we stay the course. We stay on course to prosperity."
He said the Office for Budget Responsibility (OBR) had revised up the British economy's growth forecast to 3% and told MPs the UK was now enjoying "more balanced" growth.
On the controversial issue of the deficit, Mr Osborne was jeered by the opposition benches as he revealed better than expected figures.
He said the OBR's forecasts show borrowing is falling and would continue to fall until a budget surplus is achieved in 2018/19.
He told MPs: "The deficit is down this year to half what we inherited.
"Debt is falling in the same year predicted – and lower in every year thereafter.
"A surplus that is higher and by the end of the period worth £23bn.
"Britain back living within its means. Our long term economic plan on course."
He said the forecasts had been made possible because the Government was paying less in welfare and saving money on public service pensions through lower inflation and more people in work - and by a change to how spending cuts were measured.
The Chancellor warned that in the coming years there would have to be "very substantial" spending cuts.
But he vowed to claw back money from those who pay "paid too little" tax - including multinationals, who will face a 25% tax on profits generated in the UK, which are then shifted overseas.
He claimed the tax would raised £1bn over the next five years.
Many of the measures announced had been trailed ahead of the speech - such as a plan to repay the national debt incurred to fight the First World War.
More follows...
Anda sedang membaca artikel tentang
Osborne Lays Out Plans In Autumn Statement
Dengan url
http://serverkecil.blogspot.com/2014/12/osborne-lays-out-plans-in-autumn.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Osborne Lays Out Plans In Autumn Statement
namun jangan lupa untuk meletakkan link
Osborne Lays Out Plans In Autumn Statement
sebagai sumbernya
0 komentar:
Posting Komentar