Following Chancellor George Osborne’s autumn statement, MP for Bethnal Green and Bow, Rushanara Ali, said: “This Government is failing my constituents on jobs, growth and the deficit. People on low and middle incomes are being hit the hardest while millionaires are getting a tax cut. The poorest in society are paying the price for the Government’s economic failure with higher VAT, the granny tax, and real terms cuts to tax credits, jobseekers allowance, maternity pay and child benefit.

“The Office for Budget Responsibility has downgraded its growth forecasts this year, next year and the year after. This is devastating for my constituents in Bethnal Green and Bow. It is clear that this Tory-led Government is simply not delivering, and my constituents are suffering the consequences.

“George Osborne is not interested in getting young people into work or in helping small businesses survive. Under this Tory-led coalition, the economy has flat lined for two years, 963,000 young people are out of work, long-term unemployment is rising and the claimant count is forecast to be 275,000 a year higher in 2015. The Government is cutting spending too far and too fast and the autumn statement offers no hope for those struggling to make ends meet. Only One Nation Labour can deliver the change Britain and Bethnal Green and Bow needs to get people into work, make our economy fairer and stronger and ensure people are better off.”