BusinessCompany NewsBudget reaction: Howard slams ‘credit card’ chancellor

Budget reaction: Howard slams 'credit card' chancellor

Leader of the opposition Michael Howard called chancellor Gordon Brown's Budget statement 'a credit card budget from a credit card chancellor' claiming the borrowing and investments that Brown made would guarantee tax rises if Labour wins a third term.

Link: Budget 2004

He also hit out at Labour’s policy on savings, business investment, the trade deficit and manufacturing output.

While congratulating the chancellor on reducing the administrative burden, he accused the government of secretly planing to hire an extra 300,000 public sector workers.

The country’s economic growth, claimed Howard, was fuelled by the public sector with public sector money.

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