PRE-BUDGET REPORT SHOWS WHY LABOUR IS BEST FOR EDINBURGH

Mark Lazarowicz, Labour MP for Edinburgh North & Leith, today welcomed the Pre-Budget Report unveiled by Chancellor of the Exchequer Gordon Brown, as “facing up to the challenges of climate change and globalisation.”

“In his Pre-Budget Report today, Gordon Brown set out the long-term policies that will make sure Britain plays its part in tackling climate change at a global level. The policies announced today will also build on our economic stability and help Scotland and Britain face the challenges ahead.  Investment in skills, science and innovation will allow us to take hold of opportunities in the global economy.  And they show why Labour is best for Edinburgh North & Leith.”

“I welcome the extra £284 million for the Scottish Executive and look forward to the Scottish Executive using these extra funds to make further improvements to our schools, colleges, and universities.”

“I also welcome the measures in today’s statement which underline our commitment to tackle climate change. It is right, for example, to expect air travel which is a major contributor to greenhouse gas emissions to meet more of the costs of tackling climate change. The extra sums which will be raised by the increase in airline passenger duty should make it possible to invest in improving sustainable transport links, both within Scotland and between Scotland and England.”

“The increase in the child element of the Child Tax Credit will build on the support families through Labour’s tax credits that are already giving more help to 1700 families – 2800 children – in Edinburgh North & Leith.  And, to help further, expectant mothers will be eligible for Child Benefit in the late stages of their pregnancy.

“With Labour, inflation and interest rates are low and there are more people in work.

“How different from the past when Britain was tipped into recession with families and businesses in Edinburgh North & Leith left to pay the price. Under the Tories inflation was nearly 10 per cent, mortgage rates soared to 15 per cent, 1.5 million people suffered negative equity and unemployment hit three million.

Visit the Treasury's microsite for an overview and summary of the Chancellor's 2006 pre-budget report >>>

6th December 2006Back to Press Releases