Budget Responsibility Bill

Bobby Dean Excerpts

2nd reading
Tuesday 30th July 2024 Commons Chamber

[Bobby Dean (Carshalton and Wallington) (LD)]

I congratulate the hon. Member for East Renfrewshire (Blair McDougall) on that heartfelt speech. It was gracious of him to say that his was not the most beautiful of constituencies, but I think he is at least in the top 600 and possibly even higher after one or two whiskies. I also congratulate the hon. Member for Glasgow North (Martin Rhodes) on his maiden speech. The points he made about engaging with the public and making sure that we restore trust in this place are really important.

I am not going to speak about Scotland in my maiden speech. I am going to start by talking about where I came from. My parents are in the Gallery and I promised to stay grounded, so this is the place I want to start. I grew up on a council estate as the eldest of three boys. My dad worked long hours as a scaffolder and my mum worked two jobs, one in Burton’s by day and one as a cleaner at night. Things were not always easy, and times got so tough at one point that, as a young teenager, I moved into the care of my grandparents. I have found out in recent years that this is called kinship care. It is a pretty formal-sounding name, but it is basically where family agree to take on family. I am very grateful to my Nan and Pops for helping me back on to the right path, and I know that they would have been very proud of me if they had got to see this day.

Of course, it was not just family that got me here. I have had encouraging teachers, supportive friends, guiding therapists, a campaigning wife and a totally unreasonable bunch of people called activists who volunteer a silly amount of time to the cause. To all those that have been involved in my messy pathway to now, and especially to the people of Carshalton and Wallington who have put their faith in me: thank you. I am utterly humbled to be here and I do not take this responsibility lightly.

I had planned on describing my constituency of Carshalton and Wallington as a hidden gem, but since I started in this place a few weeks ago, I have kept bumping into staff that live there, so it is clearly a popular place. For those that do not know, Carshalton and Wallington is on the south London border with Surrey—or in Surrey, depending on who you speak to. I describe it as hidden because, despite being a London borough, you will not find us on the tube map. There are no London underground or London overground services in our borough, and this is an issue that I will return to at a later date. But my constituency is a gem. I am not going to say it is the most beautiful, but it is pretty beautiful. It has beautiful ponds and many award-winning parks, and we have the historic River Wandle and so many good pubs that it is really difficult to avoid them at the weekends.

I would like to take this moment to recognise my predecessor, Elliot Colburn. This House will remember when he bravely spoke out about his own struggles with mental health. I have great respect for his willingness and openness to share his story, and I am certain that his bravery will give courage to others to speak up and seek help, too. I would also like to put on record my recognition of another predecessor, Tom Brake, who served my community of Carshalton and Wallington for over 22 years. He is a true local champion, and he is still spoken about fondly on the doorstep. The House will probably be aware of his tireless campaigning for St Helier hospital, and I plan to take up that issue at a later date, too.

There is much more I would like to share about my constituency over time but, unlike the hon. Member for East Renfrewshire, I will not take up that time now because I am keen to get involved in today’s debate as well. I want to start by joining my hon. Friend the Member for Richmond Park (Sarah Olney) in welcoming the thrust of the Government’s proposals to give more powers to the Office for Budget Responsibility to scrutinise major fiscal announcements. The inappropriately named mini-Budget sent shockwaves across the country, with mortgages soaring, pensions on the brink of collapse and market confidence damaged so badly that I feel we will be dealing with the trust issues caused by that disruption for quite some time.

Yet the state of our country’s finances is not just down to one fiscal event. The populism that infected everything that the last Government did was laid bare by the Chancellor yesterday, and I am so angry about the mess that has been left behind. It is always the most vulnerable that suffer the most when the Government gets things so drastically wrong, and we must never let such reckless gambles be taken with our country’s finances ever again.

While I am optimistic that the fiscal lock will provide the public and markets with some reassurance on this, I do hope that the Government do not feel locked into one particular model of fiscal management. The key lesson to take from the disastrous mini-Budget should be not that there is only one way to run the economy, but that, whatever choices the Government make, they should be informed by good information and stand up to rigorous analysis. It will be my intention from these Benches to encourage the Government to take seriously the calls from many respected economists to ensure that fiscal responsibility goes hand in hand with maximising the growth potential of the country over the long term. This is particularly relevant to major capital investments such as the rebuilding of St Helier hospital in my constituency. Our local NHS trust faces huge costs every year trying to maintain an unfit building. We must not forget that there is a cost to not investing, too.

When talking about growth, let us remember that it has not only a rate but a direction, and that necessarily involves political choices and cannot be left to expert analysis alone. While the OBR can rightly describe what actions will increase growth and by how much, we in this House still have a crucial role to play in selecting what actions will meet all of society’s goals. A purpose-driven industrial strategy, as proposed by the Liberal Democrats, will ensure that we deliver the right sort of growth, not least in relation to green industries.

The Chancellor is right to reiterate that the Government should not commit to any unfunded spending pledges, but there are many ways to fund the investment we so desperately need in our public services, and we do not have to increase tax on ordinary workers to do so. If the Chancellor is stuck for ideas, I would invite her to have a read of the Liberal Democrat manifesto, which includes ideas such as raising capital gains tax and reversing the Tories’ cuts for banks. There are fairer ways of raising the revenue we need, and we should look at them seriously.

It is at this point that I look back up to the Gallery, and I have some regret that my maiden speech was on the intricacies of fiscal responsibility. If Members would indulge me for a moment, before I close, I would like to make a brief translation by putting my points into footballing terms—Dad, this is mainly for you. The former manager played six up front and got hammered, but that does not mean that the new manager has to revert to a defensive five at the back. There are many different styles of play out there, and I think some will have bigger rewards. So let us get the balance right and get our country winning again.

[Madam Deputy Speaker (Ms Ghani)]

No doubt your mum and dad enjoyed that up in the Gallery. We now have another maiden speech—I call David Burton-Sampson.