Income Tax (Charge)

Danny Beales Excerpts

Tuesday 5th November 2024 Commons Chamber

[Danny Beales (Uxbridge and South Ruislip) (Lab)]

The last few years have been incredibly difficult for our constituents and our national health service. Public services are on their knees, a £22 billion black hole has been left in our public finances and there have been real-terms falls in incomes and living standards. The Conservatives, as we have heard today, are still labouring under the fantasy that no problem exists, and that they are sitting in opposition—well, a few of them are sitting over there—through no fault of their own, but through some sort of electoral dysfunction. They are entirely unwilling to say what they would do to fix the broken services and our NHS, and what they would do to close the financial gaps that they have left.

I am pleased that we have taken the tough and necessary decisions on spending and taxation to put our NHS back on a firm footing—tough decisions that any Chancellor and any Government would have to make. The Conservatives have continually shirked those tough decisions. This Budget ensures that no one will see higher taxes on their payslip; there are no increases to employee national insurance, income tax or VAT. Those are promises that I made to my constituents when going door to door, and promises that we are keeping today. The necessary tax rises in this Budget rightly fall on those with the broadest shoulders; we are asking the wealthiest and largest businesses to pay their fair share to help rebuild our NHS and public realm.

This Budget is fundamentally pro-growth, and is focused on investment in our country’s future. We have heard Conservative Members today continually make the tired argument that it is the private sector alone that drives growth. As Members have rightly said, economic growth relies on a strong public and private sector. Without a functioning public sector, businesses cannot thrive. If trains are late, people cannot get to work. If staff are off sick, they cannot pay tax and cannot contribute. If workers do not have the necessary skills, productivity and growth stall. This Budget addresses those issues and those determinants of growth, and that is why I am proud to support it today.

Over 14 years, the Conservatives have starved our NHS of vital funding, but today we are talking about a vital £25 billion investment in our NHS—the biggest investment in it since the last Labour Government, excluding the covid years. This investment is transformative. I hope that some of this spending will be made available to primary care and to community pharmacy—the desperately underfunded front door of our NHS. I am really pleased that in recent days we have heard a commitment from the Front Bench health team of a further £2.5 million to support the development of proposals for Hillingdon hospital. I am sure that I will return to that issue and discuss it with the team in the days ahead. In summary, this Budget delivers on our promises on tax, on growth and on the NHS, and I am delighted to support it.