Balancing the Public Finances
Debate between Andrew Selous and Joan Ryan(7 years, 4 months ago)
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Andrew Selous (South West Bedfordshire) (Con)
Economies that lose control of their finances lose control of their destiny and that is why it is absolutely right to focus on living within our means. Conservative Members believe that the best way to do that is to power up an enterprise economy. We all hate austerity; we believe in prosperity. We believe in creating businesses and helping them to grow and expand to create the wealth to fund public services so that we can see them grow and develop.
We must be conscious that as a country we need not only to live within our means but to help our lower paid workers to have the means to live. I am proud of what the Government have done with the national living wage because we want well-paid jobs and decent public services. Productivity is the absolute key to higher wages, often for lower paid workers—a good movement, “Be the Business”, has been launched by Charlie Mayfield today. Technical education is at the heart of that, so the Government are putting it to the front. Dealing with extortionate housing costs in London and the wider south-east is also key to the productivity issue, because high housing costs are a drag on the economy. Our national productivity infrastructure fund, focusing on transport, digital, research, investment and housing, is absolutely the right way forward. We should have common purpose across the House; we must all focus on driving up the country’s productivity.
I am proud that, as a result of the hard things that the Government have had to do, the richest 1% are paying more in tax than happened under Labour and that income inequality is at its lowest since 1986—according to the Office for National Statistics, not the Conservative research department. Finally, the Government have taken 75 measures to raise an extra £140 billion in tax.
Joan Ryan (in the Chair)
I will now call the Front-Bench spokesmen. If they take eight or nine minutes each, Mr Harper will have one minute at the end.