IMF Economic Outlook Debate

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Department: HM Treasury

IMF Economic Outlook

Chi Onwurah Excerpts
Tuesday 31st January 2023

(1 year, 10 months ago)

Commons Chamber
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Chi Onwurah Portrait Chi Onwurah (Newcastle upon Tyne Central) (Lab)
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Wages in the north-east are 3% lower than when Labour left office, and households have lost £11,000 in wage growth under the Conservatives. Now, according to the IMF forecast, we will get poorer still, as prices rise and the economy contracts because the Conservatives have crashed it. Did the Minister come into politics to make people poorer? If not, is it not time for a Labour Government to deliver prosperity for the British people?

James Cartlidge Portrait James Cartlidge
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I am not sure whether the hon. Lady was here for my maiden speech—I entirely recognise that she may not have been—but I said:

“I am a one nation Conservative,”

because I believe in

“not going back to dark and divisive days of high unemployment.”—[Official Report, 3 June 2015; Vol. 596, c. 636.]

And here we are, with the lowest unemployment in almost 50 years.

On regional earnings specifically, I can confirm that pay has grown faster in every region outside London since 2010. That shows that we are succeeding in our levelling-up agenda.