Osborne Tells Voters: Choose The Future

Written By Unknown on Rabu, 18 Maret 2015 | 20.14

George Osborne urged voters to "choose the future, choose jobs and choose economic security" as he set out his vision for the economy.

With just 50 days to go to the General Election, the Chancellor spelled out to voters they had a choice between a plan that was working or the "chaos" of the past.

As he opened his sixth Budget, Mr Osborne confirmed the UK has grown faster than "any other major advanced economy in the world" and he said the coalition had set out a plan and that it was working.

He said the national debt was falling and added: "The hard work and sacrifice of the British people has paid off. The original debt target I set out in my first Budget has been met.

"We will end this Parliament with Britain's national debt share falling. The sun is starting to shine – and we are fixing the roof."

Mr Osborne announced a £9bn windfall from bank sales, and said there had been lower debt interest and lower welfare bills but said this would be used to pay down the national debt.

The Chancellor urged people to "choose the future" and pledged he would "use whatever additional resources we have to get the deficit and the debt falling."

Mr Osborne announced there would be investment in manufacturing and science and promised a "truly national recovery" in which he would continue to pursue his dream of creating a "northern powerhouse".

The Chancellor continued to use his the "choose aspiration, choose families, choose the future" slogan he first set out in his conference speech and which saw him compared to Renton in the film Trainspotting.

Mr Osborne said:

:: The lifetime allowance on pensions would be reduced from £1.25m to £1m.

:: The Government would legislate to tackle multinationals who move their profits to cut tax.

:: Tax evasion will be a criminal offence with new penalties for those who assist them.

:: The rate of the bank levy would be increased to 0.21%, raising an additional £900 million a year. 

Mr Osborne said that growth had been revised up to 2.5% and had been greater in The North than in The South.

He also hailed the employment figures out today which he said showed "under this Government, 1,000 more jobs have been created every single day".

In recent days the Liberal Democrats and Conservatives have been keen to stress there would be no giveaways, although better than expected Budget deficit forecasts meant the Chancellor had around £5bn to play with.

Speaking ahead of Mr Osborne's statement, the Business Secretary Vince Cable stressed the Budget was a "joint effort" and not an electioneering Budget by the Tories.

Dr Cable told Sky News the Liberal Democrats will be delivering their own Budget plans on Thursday.

:: Updates and analysis with the Sky News team

Mr Osborne is delivering his plans for the recovery of the nation's economy against a backdrop of the most unpredictable election for a generation.

A Sky News projection, following analysis of the latest polls, suggests a hung parliament with the two parties virtually neck and neck.

It also comes after new figures showed the number of unemployed falling by more than 100,000 to 1.86m, which is the lowest since 2008.

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