(3 years, 1 month ago)
Commons ChamberIt is a pleasure to follow the right hon. Member for Newark (Robert Jenrick), although I cannot express the same pleasure about much of what the House has heard today. We face a looming cost of living crisis, with food prices and energy bills soaring. The Chancellor had a chance to lessen the pain for hard-working families who pay their tax, play by the rules and need his support. Instead, he is hammering them with tax hikes, empty words and broken promises from a Government who are completely out of touch with the people of this country. There is nothing to help families with their energy bills this winter.
The Chancellor says that this Budget is all about optimism, but it is hard to be optimistic when it is our children who will pay the price with their income, their life chances and their planet. Today he could have chosen to invest in their future; instead, he chose to anchor them to the pandemic and the past. Our children, their education already damaged and their futures undermined, are left without sufficient funding for the catch-up classes that they desperately need. Unless the Government provide that funding in full, children who are at school now will face up to £46,000 in lost earnings over their lifetimes. If the Government are serious about investing in our future, surely they should start with those children. Instead, the Chancellor has spent more today on cutting the price of prosecco than on saving our children’s future. That tells us everything we need to know about this Government’s priorities.
The £5 billion of catch-up funding is a third of what the Government’s own adviser said is needed, and it is just a fraction of the £450 billion hit our economy could see from the learning our children have lost to covid.
My hon. Friend is making a powerful speech on behalf of children, parents and teachers across our country. Is she aware that, in the fine detail of the Budget, banks are getting a tax cut that is bigger than the increase announced today for catch-up funding? Does she agree that is the wrong priority?
Order. If people are going to intervene, they should at least have the good grace to come in a few speakers before.
(5 years ago)
Commons ChamberThe right hon. Gentleman shakes his head, and I am sorry if I misinterpreted his remarks. We should look at quantitative easing and how it is done, both in this country and elsewhere. There is some concern that the way central banks have done it has not led to a fair distribution of prosperity and that the money has gone into a small number of hands, resulting in increased inequality.
I am slightly worried by something that the right hon. Gentleman said about monetary policy that might imply—he might disagree that this was his implication—that there should be some challenge to the independence of the central bank by the Government of the day. I would not welcome that, although I would certainly welcome a debate on quantitative easing. I look forward to debating with him, so that we get our macroeconomic policy right. Finally, I will just say this. It did appear that the right hon. Gentleman was talking about expansionary fiscal policy and expansionary monetary policy. I wonder if he is worried about the impact of Brexit on our economy.
Like the Leader of the Opposition, I would like to remember one of our late friends, Frank Dobson, who passed away last month. Although we were members of different political parties, I found Frank to be one of the friendliest, most decent and most committed Members of this House I have ever met in my 20 years here. From his opposition to the Iraq war and apartheid to the work he did to rebuild the NHS, Frank leaves a proud record. In his role as the Brian Blessed of the Commons, Frank also leaves several volumes of funny, filthy and totally politically incorrect jokes. Mr Deputy Speaker, I am sure you would like to hear an example, but I fear I must remind the House that our proceedings are being broadcast before the 9 pm watershed.
I pay tribute to the mover and the seconder of the Humble Address. The hon. Member for Chatham and Aylesford (Tracey Crouch) has a bright career in front of her, particularly in pantomime. I invite her to join me in my annual walk-on part for St Paul’s Players in Chessington. This year, during the general election, I took my family and I had my walk-on part as one of Robin Hood’s merry men. I can tell you, Mr Deputy Speaker, that I know where the baddies are in this House and where the Sheriff of Nottingham sits. The hon. Member for Walsall North (Eddie Hughes) made an impressively long speech as a bid for a job ahead of the Prime Minister’s ministerial reshuffle. I wish him luck.
I believe our United Kingdom is one of the greatest examples of international co-operation in world history, so much so that four nations can be as one while being themselves: democratic, open and internationalist, operating under the rule of law and under the uniting presence of Her Majesty. We have been a beacon of political stability in the world. I believe we remain fundamentally a people who are outward-looking, inclusive, compassionate and capable of progressive reform as we recognise and value the lessons of history.
I thank my right hon. Friend for giving way. Does he agree that, while the Scottish National party might trumpet gaining 80% of Scottish seats, the fact is that only 45% of the people of Scotland voted for it? If we had a more proportional representation system, that would have been reflected in the seats there, in the same way as the seats here might have been a little different.