This budget was complacent. Here in Cornwall many people become sole traders because they can't get a job. People aren't lazy, they want to work. If they have a skill they use it and start a business. In raising the taxes for small businesses, this budget was an attack on sole traders, over 3 million in the UK. Many of whom have very low and marginal incomes. Taxing them more was a cynical cash grab. Lazily taking money from the poorer in society, rather than going after the huge corporations that avoid paying taxes.
The Department for Business, Energy & Industrial Strategy reported a growth in sole traders of 1.8 million between 200 and 2016, with a steeper rise after the economic crash in 2008. See publication here
Theresa May's first Budget was utterly complacent about the state of our economy ahead of Brexit. It was complacent about the crisis across our public services and entirely out of touch with the reality of life for many millions of people in this country.
While doing nothing to solve the crisis in the NHS, in social care or in schools — the Tories have continued with massive tax giveaways for those at the top.
After the Tories delivered their complacent budget, I told them that it lacked ambition and fairness for our country.
Yesterday Philip Hammond and Theresa May clobbered self-employed workers on low and middle incomes for £2 billion, while doing nothing to clamp down on insecure employment and low pay.
Labour is clear, we would introduce a real living wage of £10 per hour and give all workers equal rights from day one to tackle low pay and job insecurity.
It doesn't have to be this way. Together, we can deliver a Labour government with the ambition to build a fairer Britain.
Jeremy Corbyn MP
Leader of the Labour Party