This Budget cannot hide the fact that after five years of the Tories, working families are worse off and our NHS is going backwards. Later today, when the Chancellor claims otherwise, he simply won’t be believed.

George Osborne gives with one hand, but takes away much more with the other hand. The IFS says his tax and benefit changes since 2010, including the big VAT rise, have cost families on average £1127 a year. No pre-election tax cut can make up for that.

And the Tories are planning more extreme spending cuts after the election, which go way beyond balancing the books and will put our NHS at risk.

We need a better plan and a Labour Budget which puts working families first and saves our NHS.

Background: Labour’s better plan

Labour will raise living standards with an £8 minimum wage, 25 hours of free childcare for working parents and by freezing energy bills until 2017.

We will guarantee apprenticeships for every school leaver, cut tuition fees to £6,000 and reduce business rates for small firms.

We will rescue our NHS from the Tories with 20,000 more nurses, 8,000 GPs and cancer tests guaranteed in one week – paid for by closing tax loopholes and a mansion tax on properties over £2 million.

We will cut taxes for 24 million working people with a lower 10p starting rate of tax and scrap the bedroom tax. And we will reverse the Tory tax cut for millionaires to help balance the books in a fairer way.

That’s the Budget we need.

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