Budget Resolutions

Connor Rand Excerpts

Wednesday 6th November 2024 Commons Chamber

[Mr Connor Rand (Altrincham and Sale West) (Lab)]

People in my constituency of Altrincham and Sale West voted for change at the last election, and last week the Chancellor delivered a Budget to start changing their lives for the better. As Members from all parts of the House have reflected, the first Labour Budget in 14 years comes at a time of challenging economic circumstances, with the £22 billion black hole in the public finances, 14 years of sluggish economic growth, a massive squeeze on living standards, creaking national infrastructure and public services on the floor. Our first female Chancellor has never been one to back away from a challenge, and despite the dire inheritance left to her, there was so much in our Budget that will change our country and the lives of my constituents for the better, be it our record investment in the national health service, our pay rise for 3 million low-paid workers, funding for breakfast clubs in every primary school and our £1 billion lifeline for special educational needs provision. That will be transformative for families in Altrincham and Sale West.

As I said in my maiden speech, my constituency is also a place of business, full of thriving smaller enterprises that offer so much to our local economy and culture. That is why it is so important that even in the face of the dire economic circumstances we inherited, the Budget ensured that smaller firms—those least able to shoulder additional costs—have been protected. Some 865,000 employers now will not pay any national insurance next year and more than 1 million will pay the same or less than they did previously. The Budget enables those firms to employ four national living wage workers full-time without paying national insurance on their wages at all by more than doubling the employment allowance. For the small businesses that make up the high streets and market of my constituency, that change will make a huge difference. I am pleased that the Federation of Small Businesses has welcomed our changes to the employment allowance as a huge help for small firms.

There is still much to do, but this Budget starts to turn the corner, fixing the foundations of our economy to deliver a brighter future. It accepts the huge challenges we face, but is optimistic about our ability to overcome them. This Budget sets out a serious path to rebuilding Britain for the benefit of our people and my constituents.