Page last updated at 14:08 GMT, Wednesday, 9 December 2009

George Osborne: Never trust Labour again


Shadow chancellor George Osborne has accused Alistair Darling of ducking tough decisions on spending, and said Labour should never be trusted with people's money again.

It followed a pre-Budget report in which the Chancellor confirmed plans for a 50% windfall tax on bank bonuses.

He raised borrowing forecasts for this year and next, and announced a 1% cap on public sector pay for two years from 2011.

All National Insurance rates will rise by an another half of one per cent in 2011.


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