The Economy

Christopher Pincher Excerpts

Thursday 4th June 2015 Commons Chamber

[Chris Leslie]

This is at the heart of the Chancellor’s policy choices. Is he looking not just at how much but how spending is taking place? He can choose to ensure that where spending has to be prioritised decisions lean towards supporting growth and productivity and the skills that will in turn get us into that more virtuous cycle.

[Christopher Pincher (Tamworth) (Con)]

Will the hon. Gentleman give way?

[Chris Leslie]

I will give way in a moment. Not to take a reasonable and measured approach, when the Chancellor clearly has scope to do so, would suggest that he is influenced much more by Conservative ideology than by economic judgment. That is what it always comes down to with this Chancellor. Is he focusing on securing the long-term needs of the economy or on securing his own long-term future; is he focusing on the country or on his Back Benchers; is he focusing on his current job or on a future one?

--- Later in debate ---

[Chris Leslie]

I do not know whether the hon. Gentleman has seen the ONS report published yesterday, but it shows that we are losing high-skilled employment in this country and that gradually it is being replaced with low-skilled employment, which is a real worry. We need to ensure that we compete in the world on the basis of a high-skilled, virtuous cycle. I think that he would be complacent if he ignored what is happening in our economy.

[Christopher Pincher]

rose—

[Chris Leslie]

I cannot remember whether I have given way to the hon. Gentleman already but, given that he is being so polite and persistent, I will give way one last time to him.

[Christopher Pincher]

I am obliged to the hon. Gentleman. He likes to give the impression that sweetness and light always surround him, but he might like to look behind him occasionally. He must recognise that no one will take his talk about deficit reduction seriously when sitting behind him is his former leader, who less than a month ago said that the previous Labour Government did not spend too much.

[Chris Leslie]

When it comes to deficit reduction, let us never forget that the Chancellor of the Exchequer promised to eradicate the deficit by the end of the previous Parliament. We have passed that deadline, so he has broken that promise. He should put his hands up and admit that, when it came to his promise on the deficit, he failed.

We now need focus to address our economic challenges, not a Chancellor distracted by his own political ambition. We need a concerted drive to boost productivity; a balanced recovery reaching all corners of the country, with no sector left behind; a meaningful effort to tackle the root causes of higher welfare costs, low pay and insecure working conditions; a guarantee that any scope for tax cuts should be focused entirely on middle and lower earners; and a commitment to reject an ideological drive to shrink public investment. That is the approach Britain needs. That would be a genuinely one-nation approach.

Instead, we had a Queen’s Speech that focused on short-term political headlines, rather than long-term economic gain. It was designed to lay political traps for the Chancellor’s opponents as part of a grand political chess game, rather than to focus on productivity and balanced growth. This obsession with short-term, narrow political gain is the Chancellor’s curse. He is the Chancellor for whom productivity means kicking the Home Secretary off her Cabinet Committees. He is the Chancellor for whom a long-term plan means a move next door. He is sticking with the family business and measuring up the wallpaper for No. 10 already. That is his real agenda. Cold and calculating, he is the iceberg Chancellor, with hidden dangers beneath the surface. He is putting productivity and public services are risk, prioritising the very richest above those on middle and lower incomes, pitting one nation against another. Britain did not vote for a hidden agenda. I urge the Chancellor to put the ambitions of Britain above his own.