(11 years ago)
Commons ChamberI do not know whether what was said is true or false, but the hon. Gentleman has put the facts on the record. I am sure that that point can be sorted out later, no doubt over a cup of tea.
On a point of order, Mr Deputy Speaker. I am sorry to raise another point of order, but the hon. Member for Vale of Glamorgan suggested that I may have misled the House—
Order. Let me reassure both hon. Gentlemen that I am not going to decide who is right. You have each claimed that you are right and that the other is wrong. It is on the record, and people can make up their minds tomorrow. I want to continue with this debate.
(11 years, 8 months ago)
Commons ChamberOrder. I am sure that the hon. Gentleman is hoping to speak later. He must save something to tell the House.
The hon. Gentleman has clearly not looked at the record, because in fact we tripled the aid budget, made a commitment to the 0.7% target and, indeed, made a commitment to a law on 0.7%, which this Government have done, too, but have not put into practice.
The Government will get full credit from me if they meet the 0.7% aid target, but given the revelations on the underspend and the fantasy figures elsewhere in the Budget, why should we accept their assurances? There is another serious consequence of the underspend. We already know the stark facts that the OBR has halved its growth forecast for this year, and downgraded its forecast for next year. Since the comprehensive spending review in 2010, the UK economy has grown by just 0.7%, compared with 5.3% predicted at the time. The economy shrank 0.3% in the last quarter, and we now face the stark prospect—although I seriously hope not— of a triple-dip recession, which is why this forced underspending is deeply irresponsible, as by itself it could further hasten a slip into a triple dip, particularly in the absence of serious measures in the Budget to promote growth.
It is our constituents who will face the consequences, the unfairness and the hardship over the coming months, such as the nearly one in 10 young people locally in Cardiff South and Penarth who now have to claim jobseeker’s allowance and to do so, as I mentioned earlier, for longer. The number of those claiming for 12 months or more is up by 22.6%. Each month of that is another month of frustration, anger, hardship, wasted talent and wasted value. Others affected are the constituents whom I met in the east of Cardiff, who have lost their jobs in the construction industry because of this Government’s failure to deliver infrastructure or housing, the disabled couple in Grangetown who fear the bedroom tax, while they see millionaires offered a spare home subsidy and a tax cut worth £100,000, and the hundreds of people fighting for every job vacancy—other hon. Members have described the situation—such as those fighting for a job vacancy in Penarth and in other local businesses.
There could not be a starker representation of the Chancellor’s and the Prime Minister’s Britain than the staggering rise of food banks, which have seen an eye-watering 198% increase in use in Wales in just the past year. No wonder the Prime Minister wants to keep the cameras away on his visit. The reasons for people in Wales having to use food banks say it all: 43% of people going to a food bank say they are doing it because of benefit delays or changes, 25% are doing it because they are on low income, and 10% are doing it because they are in debt. So we see debt rising at the top and debt rising at the bottom. That is life in Tory and Lib Dem Britain.
This Government could have driven forward decisions on infrastructure instead of leaving only seven out of 576 projects completed. They could have used the funds from the 4G auction to pay for new housing. They could have delivered a VAT cut that would have done far more for hard-pressed consumers than small duty cuts, however welcome. They could have invested in jobs and training for our young people, as the Labour Welsh Government have done with Jobs Growth Wales and investment in new apprentices.
As we look outside at the snow today—which, I regret, may mean that I am unable to stay for the closing speeches—and we wonder where the spring is, many of my constituents will be asking the same question on hearing this Budget: when are the sun and the warmth coming back to the economy, faced as they are with the cold wind of this no-change Budget and this no-change Chancellor?
(11 years, 9 months ago)
Commons ChamberOrder. I am sure that the hon. Gentleman did not mean to use the word “hypocritical” and that he is now going to withdraw it and carry on with his question.
I will withdraw it, and I apologise, Mr Deputy Speaker. It is extraordinary for the Secretary of State to be talking about this measure when he is putting many of our housing associations and registered social landlords at risk. Moody’s downgraded housing associations’ credit ratings this week, which means that they are not going to be able to invest either in the properties they have or in building new ones, as my hon. Friend the Member for Swansea West (Geraint Davies) just said.