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Sticking to Tory tax and spending plans will be disastrous
Labour's adoption of austerity policies, like a National Insurance cut benefiting higher earners, suggests a bleak outlook with worsening living standards, increased inequality and heightened economic instability, warns DIANE ABBOTT MP

JEREMY HUNT’S latest Budget continued themes of all his previous fiscal interventions. He takes from the poor to give to the rich and takes from working people to give to big business. But austerity has been imposed for so long that it has brought the economy to a virtual standstill, and the impact on living standards will get worse.

This then is the key domestic challenge for an incoming Labour government. Unfortunately, all the signs are that the current Labour leadership is completely wedded to austerity. Forcing sick people to work is not a recipe for higher living standards.

To leave no doubt, the shadow chief secretary even took to the airwaves to proclaim the party’s full adoption of the austerity policy. If the party persists with this line in office, it will have disastrous political and economic consequences.

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