MILLIONAIRE George Osborne made the poor and disabled pay for his economic failures in yesterday’s Budget even as he handed another huge tax cut to Britain’s wealthiest and big business.

The Chancellor used the Budget to slash the corporation tax rate for the second consecutive year at a cost to taxpayers of £1 billion.

He took another £2.5 billion from the Treasury to cut the top rate of capital gains tax on assets such as shares from 28 to 20 per cent.

Together the tax breaks for big business cost exactly the same as the £3.5 billion slashed from public spending.

Labour leader Jeremy Corbyn said it showed Mr Osborne was a “Chancellor for tax dodgers, not taxpayers.

“The price of failure is being borne by some of the most vulnerable in our society,” he stormed in a bullish response to the Budget.

“These are not the actions of a responsible statesman. They are the cruel and callous actions of a Chancellor who sides with the wrong people and who bullies the vulnerable and poorest within our society.”

Mr Osborne gave the bungs to big business despite facing a Budget black hole.

His claims to have fixed the roof while the sun was shining were dealt a huge blow yesterday, with even the erratic Office for Budget Responsibility drastically cutting its growth forecasts.

In November 2015 it optimistically predicted growth of 2.4 per cent this year, but slashed that to 2 per cent for this year, 2.2 per cent in 2017 and only 2.1 per cent for each of the following three years.

Despite his six years in the Treasury, Mr Osborne blamed everyone but himself for the economy’s parlous state.

He pointed the finger at “turbulence in financial markets, slower growth in emerging economies like China and weak growth across the developed world,” but refused to take a look in the mirror.

TUC general secretary Frances O’Grady said it showed his economic gambles were not ­paying off.

“Far from increasing growth, he’s had to downgrade his forecasts and accept that his plan is failing on productivity and pay,” she said.

Disabled people will be among the biggest losers after cuts to personal independence payments that will see around 200,000 people stripped of the means to pay for home care and transport.

The Treasury’s figures showed that the cut made up a third of revenue-raising measures contained in the Budget.

And yet the Chancellor found the money to announce that corporation tax would be cut to just 17 per cent by April 2020.

That compares with 28 per cent when the Tories took power in 2010 and the 39 per cent rate charged by the US.

The Treasury’s own analysis of the Budget shows that the cut will cost £120 million in 2019-20 and £945 million in 2020-21.

Britain’s wealthiest were also handed a fortune in a cut to the top rate of capital gains tax from 28 to 20 per cent.

Mr Osborne, as a shareholder of his family’s wallpaper business, could be among the beneficiaries of the policy.

The move was criticised by tax experts KPMG, who warned it would cost the Treasury £2.8 billion over the next five years and “bring us close to the position in 2008” — the time of the financial crash.