(2 days, 11 hours ago)
Commons ChamberWe will all miss John Prescott. He was a titan of our politics, and a man not afraid to come out swinging for what he believed in.
The figures show that capital spending on transport is not rising under Labour; it will fall by 3.1% in real terms next year. We have huge tax rises and a more than £70 billion increase in tax. Labour’s black hole myth has been debunked by the Office for Budget Responsibility, the Financial Times and the Institute for Fiscal Studies—all real economists—so why the cut in capital spending? The Secretary of State was out of her depth when she negotiated a £9,000 pay rise for ASLEF train drivers with nothing in return. Was she out of her depth when she negotiated with her own Chancellor?
(3 weeks, 2 days ago)
Commons ChamberAfter receiving millions from the trade union paymasters for its election, Labour is rewarding them with a package of 1970s, French-style workplace regulations, which will increase the cost of doing business in the UK to the tune of £5 billion a year, disproportionately falling on SMEs. That is before the £25 billion body blow to business delivered by the Chancellor yesterday in her anti-business Budget of broken promises. Does the Minister agree with the Office for Budget Responsibility that this Government’s decisions will make workers poorer, not richer, as increased employment taxes are passed on in lower wages, and that business investment will fall, not rise, as a direct result of this Government?