Budget Resolutions

Barry Gardiner Excerpts

Monday 1st December 2025 Commons Chamber

[Barry Gardiner (Brent West) (Lab)]

I joined the Labour party because I believe in equality and justice, and those are two of the values that I use to judge any Budget. Does it create a more equal society, and is the society that it creates more just? Therefore, there are aspects of the Budget that I welcome, such as the removal of policy costs from household energy bills, saving families £150. It is welcome that the parents of 3,730 children in my constituency will be helped by the abolition of the two-child benefit cap and the expansion of free school meals. I welcome the rise in the minimum wage and the living wage.

[Steve Witherden (Montgomeryshire and Glyndŵr) (Lab)]

Does my hon. Friend agree that rises in the national minimum wage are among the most important of pay rises because of the money they put into the pockets of the poorest workers in our society?

[Barry Gardiner]

I am grateful to my hon. Friend for making that point. He is absolutely right, and that money gets recycled throughout our economy.

I think it is a scandal that more than 60% of people in receipt of universal credit are actually in work—often working two jobs to make ends meet. That is a scandal because it means that those employers are not paying their workforce at a level that we, the rest of society, consider to be enough to live on. We, the taxpayer, are subsidising those companies’ wage bills so that they can pay their shareholders higher profits.

The Budget does not reverse structural inequality or shift the dial on growth. It is also a Budget that whispers when it should be screaming about the catastrophe that will collapse our economy within the next 25 years. Let me talk about the figures that matter and about the budgets that are actually going to change our lives.

Over the past 800,000 years, the concentration of carbon dioxide in the atmosphere has varied between 180 and 300 parts per million. During the last 10,000 years—the period of human civilisation—it has varied between 260 and 280 parts per million, which has given us humans a relatively stable temperature and climate. When we started the significant use of fossil fuels in the 19th century, the concentration of CO₂ was at 280 parts per million; today, it is at 424 parts per million.

As a result of those emissions, global mean temperatures have risen by nearly 1.5°C. That is the level that we know gives us only a 50% chance of avoiding dangerous climate change. What does dangerous climate change actually mean? It means the systematic collapse of our economy. It means refugees fleeing parts of the world where life has become impossible because of temperatures persistently above 40°C, drought and failing crops. It means unprecedented societal chaos as supply chains fail and competition for food turns to violence. It means war.

What the Government have failed to understand is that they cannot weigh up the cost of addressing climate change against the cost to the economy, when the whole economy depends on keeping climate change under control, so the first budget we need is a global carbon budget that sets the quantity of CO₂ that we can emit if we are to meet our Paris temperature agreements. If we are to stay below the 2°C threshold, we have only 530 billion metric tonnes of CO₂ that we can release into the atmosphere. That may sound a lot; in fact, it is only 13 years of emissions at their current rate. The budget to stay within 1.5°C is a lot worse: just 130 billion metric tonnes, which is just three years of emissions at today’s level.

[Tom Collins (Worcester) (Lab)]

Will my hon. Friend give way?

[Barry Gardiner]

I will not.

Parliament is supposed to be a gathering of the leaders of our community: rational and intelligent human beings capable of horizon scanning and guiding our country to a safe and sustainable future. Instead, it acts like the frog in the pan of gradually boiling water, delaying its escape until too late.

The Budget should have been bold. It should have put our country on a wartime footing with a national programme of retrofit, no new build that is not net zero in its embodied and operational carbon, a huge roll-out of public transport and a major programme of electrification. We have a huge majority, yet we act as though we are afraid of the power that we spent 14 years seeking.

Today, the green economy is growing three times faster than the rest of the UK economy. If growth truly is our ambition, it is in that clean, affordable and secure future that we should be investing. People often talk of a just transition. I prefer to talk of a bloody marvellous one. What’s not to like about warm homes with affordable energy; comfortable, efficient, speedy and reliable public transport; the creation of thousands of new jobs; decent air quality; a secure food system with reliable supply chains; and a stable geopolitical world? We live in an age of public sufficiency and private luxury, as Professor Kevin Anderson said last week at the national emergency briefing. A Budget that was adequate to the challenge we face would have turned that on its head, creating a society where every private home had what was sufficient and every public domain was one of luxury. That would be the just and equal society I came into the Labour party to create.