It’s the dramatic rise of China with its burgeoning economy that has put the Trump administration into a frenzy – with major implications both at home and abroad, argues MICHAEL BURKE
GEORGE OSBORNE will today unveil another package of cuts. Unless he changes direction from everything he’s done before, they will fall heavily on women, who have so far borne 81 per cent of spending cuts. They will fall on people with disabilities. Disgracefully, 640,000 people face losses of up to £150 a week as a result of changes to the Personal Independence Payment (PIP).
Labour will oppose these Tory cuts. We will oppose them today, and we will oppose them every step of the way in Parliament. We will not allow the failures of Osborne’s economic programme to be carried by those least able to bear them.
He has failed every test he set himself. The fiscal deficit is not closed. Government debt has skyrocketed under his watch. Business investment slumped at the end of last year, whilst government investment is scheduled to dwindle over the course of the Parliament.