(5 days, 14 hours ago)
Commons ChamberJust to clarify, I did not say there was an impact assessment; I said that the impact of the changes is being considered by the Government, but we will set out the detail on that in due course.
I commend the Government for their international leadership at this challenging time. Events overnight make it even clearer that Europe must find considerably more resources for Ukraine. The Chancellor has rightly continued our policy of using the interest on frozen Russian state assets to benefit Ukraine, but I believe that now is the moment to go further by actually seizing those assets. Russia’s invasion of Ukraine violates the principle of sovereign equality, providing a basis in international law for such a policy, and by acting in concert with our allies, we can ensure that there are no risks to financial stability. May I urge the Chancellor to push for co-ordinated action to seize those frozen Russian state assets and give that money to the Ukrainians so that they can defend and rebuild their country?
(4 years, 3 months ago)
Commons ChamberMy hon. Friend makes an excellent point and it is a topic that she knows very well. I hope that she was heartened to hear what I said earlier about £500 million of the increase of £3 billion for the NHS this year being specifically targeted on mental health to address all the things she said. She is right about the difference they will make for many people in our country.
Over 4 million children are in poverty in the UK. Under successive Conservative Chancellors, Sure Start centres have closed, child trust funds have been slashed, nurseries today are on the brink of collapse and the number of children falling into poverty increases month after month. It is an unnecessary national tragedy, so why, especially at these difficult times, could the Chancellor not today commit to eradicating child poverty in his economic statement?
On the last numbers, there are 100,000 fewer children in absolute poverty than in 2010 and 750,000 fewer children living in workless households than in 2010. The hon. Gentleman asked about nurseries and early years. He will be pleased to know that an above-inflation increase in the hourly rate for nursery providers is contained in the spending review.
(4 years, 8 months ago)
Commons ChamberI am very grateful to my hon. Friend for those comments, and he is absolutely right about how I have approached this. As I have said, for me, it is a question not just of economics but of values, and we demonstrate those through the actions we take and the people that we prioritise. He is also right to highlight the importance of sustainability in our public finances, which he knows I passionately care about and have spoken about repeatedly from these Benches. He can rest assured that as we come to the autumn, we will set our public finances on a path back to sustainability.
The Chancellor failed today to set out sector-specific help for British manufacturers. In doing so, he is gambling with an important industry and making the UK less competitive compared with countries such as Germany, France and the United States. Perhaps the Chancellor can set out for the House today what it is that he has against British workers making British aeroplanes, British cars and British steel?
I am not entirely sure about the tone of the hon. Member’s question. The support schemes we have put in place have benefited equally all sectors and all workers in every region and part of our United Kingdom. Manufacturing companies have been large users of the furlough scheme and are very grateful for it. They are now in the process of bringing those workers back and adding shifts, and they are grateful also for the flexibility that that scheme provides. What they are more interested in when I speak to them are our ambitious commitments, such as our plans to double research and development investment. We will be working closely with the private sector to do that, helping create the innovations that will drive growth, productivity and employment tomorrow.