Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Miliband: millionaires only group better off under gov't

Miliband: millionaires only group better off under gov't

Labour party leader Ed Miliband has stressed a decline in living standards in his response to George Osborne's Budget announcement.

As Osborne outlined a Budget for 'makers, doers and savers', Miliband told the House of Commons that UK living standards are down in 44 out of 45 months under the Chancellor George Osborne.

To a noisy room, he said the coalition government had failed to mention one key thing: 'Working people are worse off under the Conservatives,' he said.

Miliband added the Chancellor had not mentioned the '24 tax rises' since the election in 2010.

According to Miliband, people are '£1,600 worse off under the Tories', since the elections. He also claimed this mid-day speech reminded people 'of the gap between his rhetoric and the standards of people's lives'.

The Labour leader said the 'one group that is better off under the current government is millionaires'.

'We know what they [the government] wants: more tax cuts for the riches, while everyone else gets squeezed,' he added.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Play Carmignac's Crowl: what QE could mean for Europe

Carmignac's Crowl: what QE could mean for Europe

The ECB is widely expected to finally fire its QE gun this week. Carmignac's Sandra Crowl discusses the implications for the eurozone.

Play Grexit worries, currency wars and a grizzly outlook for 2015?

Grexit worries, currency wars and a grizzly outlook for 2015?

The first Investment Pulse of the year looks at the potential impact of Greece leaving the euro, volatility in currency markets and the UK’s economic prospects.

Your Business: Cover Star Club

Profile: DIY investing is biggest threat to industry, says Whitechurch

Profile: DIY investing is biggest threat to industry, says Whitechurch

The industry is at risk of pushing potential investors down the DIY route unless it does more to make its services accessible says the Whitechurch Securities boss

Wealth Manager on Twitter