Budget Resolutions

Christopher Pincher Excerpts

Wednesday 22nd November 2017 Commons Chamber

[Jeremy Corbyn]

The point I was making is that three new pilot schemes for rough sleepers simply does not cut it. It is a disaster for those people sleeping on our streets and forced to beg for the money for a night shelter. They are looking for action now from Government to give them a roof over their heads.

In some parts of the country, life expectancy is actually beginning to fall. The last Labour Government lifted 1 million children out of poverty—it was an amazing achievement. Under this Government, an extra 1 million children will be plunged into poverty by the end of this Parliament. Some 1.9 million pensioners, or one in six of all pensioners, are living in poverty—the worst rate anywhere in western Europe. So, it is falling pay, slow growth and rising poverty. This is what the Chancellor has the cheek to call a strong economy.

The Chancellor’s predecessor said they would put the burden on

“those with the broadest shoulders”—[Official Report, 20 October 2010; Vol. 516, c. 951]—

so how has that turned out? The poorest 10th of households will lose 10% of their income by 2022, while the richest will lose just 1%—so much for “tackling burning injustices”. This is a Government tossing fuel on the fire.

Personal debt levels are rising: 8.3 million people are over-indebted. If the Chancellor wants to help people out of debt, he should back Labour’s policy for a real living wage of £10 an hour by 2020. Working-class young people are now leaving university with £57,000-worth of debt because this Government—his Government—trebled tuition fees. The new Government policy is to win over young people by keeping fees at £9,250 per year—more debt for people who want to learn.

But that is just one of the multitudes of injustices presided over by this Government. Another is universal credit, which we called on Ministers to pause and fix. That is the view of this House. It is the verdict of those on the frontline.

[Christopher Pincher (Tamworth) (Con)]

Keep going, Jeremy!

[Mr Deputy Speaker]

Mr Pincher, you shouted out “Keep going,” and the right hon. Gentleman will—but you will be going out of the Chamber.

--- Later in debate ---

[Chris Evans]

I absolutely agree with my hon. Friend. If ever anything tore into the very fabric of British society, it was that. It is terrible when we walk down the street now and see that so many of the famous building societies we grew up with are no longer there. That needs to be changed. We need to start talking about alternative co-operative models. As business finds it more difficult to borrow from traditional areas, we need to talk about the mutual sector, and about having more mutuality in our society and in our businesses, including employee share ownership schemes.

As I am running short of time, I must talk about the NHS. Our nurses do a fantastic job at the frontline. When someone is in need, our nurses are there, but very often this Government have not been there for them. Instead of nurses being given a pay rise, which I think we all agree they deserve, again today we got a very vague statement of “maybe, if and but”. That is not good enough for the most vital service workers in this country. I think, too, about all the people on universal credit. Again, this is all a sop to those who are in need. There should have been an announcement today about pausing universal credit so that it could be looked at and eventually changed. There is no good in plunging our most vulnerable people into abject poverty, but that is what this Government are about. They are very good at warm words.

Of course, every Chancellor’s speech has to end with a flourish, and we saw that today, with Conservative Members waving papers and cheering as the Chancellor announced, in his uninspiring tone, that he was going to abolish stamp duty on houses worth less than £300,000 in order, he said, to help millennials on to the housing ladder. Then minutes afterwards, as has happened in all his speeches—last time it was about national insurance contributions—we get the real story. Hidden away on page 154 of the OBR report is the clear statement that the temporary holiday on stamp duty will increase house prices by 0.3%. [Interruption.] The hon. Member for Spelthorne (Kwasi Kwarteng) is shouting at me. Judging by the OBR’s ability to predict the future, does he honestly think that house prices are going to go up by only 0.3%? I do not think so.

[Christopher Pincher]

They might come down.

[Chris Evans]

They might come down, the hon. Gentleman says.

The point that the Chancellor is missing is that many of these people cannot afford a deposit to buy a house, so as well as reducing stamp duty, he should have been looking at vehicles for people to save to buy a house. Not many people took up the help to buy ISA, but we need those types of things.

This was a speech where the Chancellor was boxed in. The red box he held up was a symbol of how he was boxed in—by his Government, by Democratic Unionist party Members and by his party. Because of Brexit and this country’s productivity problems, we needed radical reform, but this Government cannot provide that any more. I say to them: stop clinging on to power, and let us go back to the country.