Cost of Living Increases

Andrea Leadsom Excerpts

Tuesday 25th April 2023 Commons Chamber

[Dame Andrea Leadsom (South Northamptonshire) (Con)]

I want to speak very briefly to commend the Government for their efforts, not just over the last couple of years, and not just since the appalling aggression of Putin in Ukraine and the post-pandemic crisis, but all the way back to 2010, when a Conservative coalition Government inherited the biggest mess out. When I was doing a bit of research for this afternoon’s debate, I looked back through the years since 1973. Just look at unemployment. Every single Labour Government have left office with unemployment higher than when they came in. When I looked back, I could see that unemployment continued to fall very briefly following the excellent legacy left by a Conservative Government, but then, inexorably, it crept up again. And under Labour, there was no money left when the Conservatives took office in 2010. That is the start of the story. When we look at what really matters to people and at how young people want a role model and want to learn, get out there and get a good job for themselves, we see that unemployment matters so much. In the United Kingdom now, we have the lowest unemployment figures since the early 1970s—in fact, since 1975.

When we look at growth, yes, at the moment we are challenged, as are all economies around the world, but actually, looking at the facts, the UK was growing faster than any economy in the G7 over the last three years, as my right hon. Friend the Member for Wokingham (John Redwood) said. Last year, only the UK had growth of 4%; Germany’s was 1.8%. It is easy for the Opposition to talk about the cost of living crisis and what the Conservative Government have done wrong, but they are not looking at the big picture. They should look at our trade policy. The UK has left the EU, and what are we able to do? We can turn to what is predicted to be the fastest-growing area of the world: Asia. We can expand our global trade and be an advocate for global free trade. There is an opportunity for all nations to rise on the back of more global trade. For so many years, the Opposition tried to scupper the will of the people, as expressed in the Brexit referendum, by preventing us from leaving the EU. Instead, we are now free to form our own trade policy and to trade with the rest of the world, which is fantastic.

The hon. Member for Hampstead and Kilburn (Tulip Siddiq), for whom I have a lot of time, talked about pensions and the difficulties for people in the UK. I wanted to intervene to ask her about the Leader of the Opposition. Bearing in mind that he had legislation to protect his own pension—with no lifetime allowance, can protect his family as much as he likes—will he resile from that? Will he scrap that little statutory instrument, so that he can be in the same boat as the rest of us? Or is it one rule for him and a different rule for the rest of the country? [Interruption.]

[Mr Deputy Speaker (Mr Nigel Evans)]

Order. Mr Elmore, you have a fantastic baritone voice. Save it for singing.