Wayne David, Labour MP for Caerphilly, has called the Budget “a lot of hot air”. Mr David said that the Budget is clearly “the last desperate act of a party that has failed”.

The country is in recession and although the Chancellor has announced a few measures that will reduce the tax burden on ordinary people, nevertheless taxes remain at a 70-year high. Mortgages are soaring, productivity is not improving, and housebuilding is not meeting demand at a time when homelessness is increasing.

Wayne David said, “If Rishi Sunak takes £10 from your wallet and then gives you £5 back, are you better off? The people of the Caerphilly constituency should see the Chancellor’s statement for what it is. A lot of hot air”