Budget Resolutions

Dan Tomlinson Excerpts

Wednesday 6th November 2024 Commons Chamber

[Dan Tomlinson (Chipping Barnet) (Lab)]

I thank Members for their maiden speeches—such warm and thoughtful contributions. I look forward to hearing more from the Members who spoke today.

Growth for higher living standards is the defining mission of this Government, and rightly so. Labour Members know—we have seen it play out over the last 14 years—that there is a link between the health of the national economy and the health of family finances up and down the country. Why have families in this country suffered in the last 14 years? It is because productivity growth has been on the floor. Had wages in this country continued to grow since the financial crisis at the rate they had before, families would not be just £1,000 or £2,000 a year better off; on average, workers would be £10,700 better off had the Conservative party grown the economy and our productivity so that families’ living standards could improve.

I think particularly of young people and children, and the economy that they will grow up in. I want people all over the country—not just in Chipping Barnet but across the United Kingdom—to enter a jobs market where good jobs are available in every place. In elections to come in five, 10 or 15 years’ time, I want our politics to be defined not by scarcity and fighting over limited resources because we have continued on the path of decline that the Conservatives set us on, but by abundance and there being enough—maybe even more than enough—for every family. Then, children from whatever background —particularly those from backgrounds like mine, growing up in low-income families, in social housing and on free school meals—can have the opportunities that they need. This Budget has done so much to help children and families like that.

We have changed the fiscal rules so that we can invest again in our public services and infrastructure. We are reforming welfare so that we can support more people into work. We are putting money into affordable housing so that we can get to 1.5 million new homes. We are investing in transport, including Northern Powerhouse rail and here in London. I am confident that, thanks to those reforms, the Office for Budget Responsibility, which set out that it had not yet taken account of many of the reforms that the Government are implementing, will be able to revise up those growth forecasts so that, as the Chancellor said, what we have achieved so far is not the summit of our ambitions but only the beginning.