The most striking features of the Budget are the parts the Chancellor tried to ignore: growth and wages. After all we have been through, and after all the promises about long-term economic plans, austerity and building for the future, the reality is that average earnings will be no higher in 2022 than they were in 2007. We are heading for the worst decade for pay growth for 210 years. Given all the lectures from Conservative Members, it is worth pointing out that the Chancellor is now on target to borrow £30 billion more by 2020 than was predicted just a year ago. Apparently, it is okay to be in that position but still to lecture others about the dangers of borrowing to invest.
The greatest disappointment is that the Chancellor does not seem to recognise the impact of rising food prices, although 78% of my constituents who replied to my cost of living survey were worried about the failure of wages to keep pace with inflation, with 80% stressing the impact on family budgets of rising food prices. The Government also look very out of touch when it comes to funding the fight against crime, tackling social care—that was one area in which we might have expected progress after the fiasco of their manifesto—and recognising the plight of schools.