Budget Resolutions and Economic Situation

Anna McMorrin Excerpts

Monday 8th March 2021 Commons Chamber

[Anna McMorrin (Cardiff North) (Lab)]

The Chancellor said that this was an honest Budget which meets the moment. Well, the Chancellor certainly met the moment for his mounting leadership bid, but it was nowhere near what was required to meet the tough realities of my constituents.

This Budget was a lost opportunity to provide security for those in hard-hit and precarious sectors, to provide economic justice to the excluded millions who have gone a year without support and to provide recognition for our protectors or stability for our businesses. There was no recognition for our public sector workers who are at the forefront of the crisis and who we depend on to get us through. It was a Budget with a thin green veneer, not one that will properly finance climate action to protect the health of people and planet, or demonstrate to the world the power of the UK’s example as a climate leader in the year of COP.

The Chancellor said this was a Budget to provide certainty. Well, he should tell that to my constituents who have already lost jobs because businesses had to make tough decisions because they were kept in the dark. The Chancellor chose to time the extension of furlough and business support when it was politically convenient, kicking the can down the road to this autumn for when the Office for Budget Responsibility predicts unemployment to hit a peak and when the universal credit uplift will be stripped away along with the furlough scheme—a frightening cliff edge looming this autumn, one of the Chancellor’s own making.

Today, on International Women’s Day, let us not forget that this pandemic has had a disproportionate impact on women, who are more likely to work in low pay and insecure positions. Unpaid carers hit 13 million last year, predominantly women. There was nothing in the Budget for them either. Thank God in Wales for a Welsh Labour Government, who have weaved a stronger safety net throughout the crisis. When the UK Government failed or dithered, they stood up.

This Chancellor is also slashing life-saving support around the world: the aid that builds resilience to the climate crisis and future health challenges. During a pandemic, the Government are pulling back our first response to future crises and hitting the vulnerable hardest, the consequences of which we will feel here at home. The Government are turning their backs. Overseas and here at home, the Government are recklessly playing with people’s lives, pushing people to the brink only to pull them back just a bit. That is not how responsible Governments behave. It is time to do the right thing.