Budget Resolutions

Claire Hughes Excerpts

Wednesday 6th November 2024 Commons Chamber

[Claire Hughes (Bangor Aberconwy) (Lab)]

I congratulate Members on both sides of the House on their excellent maiden speeches today. It is a pleasure to speak in the debate.

For far too long, people in north Wales have suffered because of stagnant wages, falling living standards and rising costs. That is the legacy of the last Conservative Government and why our country has voted for change. Last week, we saw a Budget that turns the page on an era of unfunded policies and sticking-plaster politics. Last week’s Budget was an honest Budget, which will fix the foundations of our economy and improve living standards for people in communities like mine. I thank the Chancellor for this historic Budget and what it means for Wales. The Chancellor has delivered a record £21 billion to the Welsh Government to invest in public services, with £1.7 billion in consequentials through the Barnett formula, but there is more to welcome.

Like my hon. Friends the Members for Beckenham and Penge (Liam Conlon) and for Kettering (Rosie Wrighting), before I came to this House, I worked mostly for and with small businesses. Many measures in the Budget will be welcomed by businesses in my constituency of Bangor Aberconwy. Support for pubs and smaller breweries from cutting duty and providing additional relief will mean brilliant brewers, such as Wild Horse, in Llandudno, and Cwrw Nant, will be supported to thrive.

The continued freeze on fuel duty will be welcomed not only by those who live in rural communities and depend on their cars, but by logistics businesses, such as Baynes & Son in Bangor. The increase in employment allowance is also welcome. Perhaps most importantly, more than 70,000 people in Wales will receive a pay rise next year as a result of the increase in the minimum wage, meaning more people have more money in their pockets to spend in our local economy, including in our shops and cafés and on our high streets.

I am proud that we now have two Labour Governments working hand in hand in the interest of the people of Wales and the UK. This Budget is not just about rebuilding our country; it is about rebuilding trust in politics. Nowhere is that more clear than in the return of a constructive relationship between this UK Government and our Welsh Government in Cardiff. That is the difference a Labour Government and a Labour Budget make. This Budget delivers for Wales and the people of Bangor Aberconwy. We can be proud of the Budget and I know we will see the benefits it will bring in the years to come.