Christian Wakeford
Main Page: Christian Wakeford (Labour - Bury South)Department Debates - View all Christian Wakeford's debates with the HM Treasury
(2 years, 3 months ago)
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Kwasi Kwarteng
Not at all. The whole principle behind the investment zone is mutual consent. No investment zones will be imposed in any areas, and it will be up to local councils to work out which are appropriate sites for the investment zones. It is a co-operative exercise that will not be the developer’s charter the hon. Lady describes.
Christian Wakeford (Bury South) (Lab)
We were promised a “Big Bang” by the Chancellor; instead, we barely got snap, crackle and pop. We have tax breaks for the rich while he tells the next generation to pay off a debt he is piling up—truly the Chancellor of sound money! The Resolution Foundation says that the poorest 10% of households will gain all of £11 from this Budget—which is, of course, not a Budget. He is also raising the cap on bankers’ bonuses while threatening to cut benefits for 120,000 people on universal credit. Why is he not looking out for those who are struggling the most, instead of acting as the Chancellor for fracking donors and bankers?
Kwasi Kwarteng
It is nice to see the hon. Gentleman in his place on the Opposition Benches, in splendid isolation. I remind him that the measures relating to national insurance and the basic rate help the vast number of constituents of Members on both sides of the House.