MOSCOW (Sputnik) — The United Kingdom’s government, led by Prime Minister David Cameron’s Conservative Party, costs British families an average of £1,100 (some $1,640) in benefit cuts and taxes per year, the Labour Party said Saturday.
The number was revealed in a Labour campaign poster published on Twitter by the party’s Shadow Chancellor of the Exchequer Ed Balls.
The UK government introduced a five-year austerity program in 2010 which was later extended to 2018. The program, aimed at reducing the country's budget deficit, stipulates substantial public spending cuts.
“George Osborne and David Cameron have raised VAT and cut the tax credits of working people, but given millionaires a huge tax cut. And our new figures today show how families with children have been hit hardest of all,” Balls is set to say during an upcoming campaign speech, according to the New Statesman.
The next general election in the United Kingdom is slated for May 7.
