(1 year ago)
Commons ChamberDon’t miss him; he’s still here.
Make no mistake, Madam Deputy Speaker: this is an autumn statement for growth—one that supports entrepreneurs, cuts business tax, rewards work and brings prosperity to every corner of our wonderful country, and one that the OBR says will permanently increase the size of our economy. [Interruption.] That is what the OBR says. As my right hon. Friend the Chancellor said this afternoon, the Government understand that a successful economy depends less on the decisions and diktats of Ministers than on the “energy and enterprise” of its people, and that is the thrust of this autumn statement. It is about a Government taking action that reduces the burdens on businesses, while also empowering people and getting Great Britain growing and moving again.
But the context really matters. We are only able to pursue these policies now because of what the Government, under our Prime Minister, have achieved up to this point. We have brought inflation down from 11.1% to 4.6%, meeting the Prime Minister’s pledge, and we are on track to meet the 2% target by the middle of 2025. The OBR has confirmed that the measures announced today will make inflation next year lower than it would otherwise have been. We have achieved this while growing our economy, which is already bigger than it was pre-pandemic, contrary to what was often said on the Opposition Benches in debates in recent weeks and months. Our economy has grown faster than many of our competitors since 2010, which is when this Government first came into office.
I welcome the Minister to his position. Will he not acknowledge that, under the current plans, it will take until 2028 for wages to get back to their 1998 levels in real terms—a 20-year absence? That is the reality.
The measures here are designed to grow the economy, to make us more prosperous, to make businesses invest more and to cut taxes for working people, so I am confident that that prediction will not be borne out in the way that the right hon. Gentleman suggests. This autumn statement provides the foundation for the next decade of growth—not just for next year or the year after that. Next year, just as a start, the economy will be 2% higher—that is worth around £40 billion—than was forecast only in March this year. That is a result of the actions we have taken today.
I have been hearing about what the shadow Chancellor said to the parliamentary Labour party earlier this week. I am told that this is what she said, but I am happy to be intervened on if it is incorrect. She said that the next election would be a fight on the economy, a fight on fiscal responsibility, a fight on making working people better off and a fight on who would be the party to show that it backed British business. This autumn statement firmly shows that this Government and this party are the only choice for the British people and the British economy on these measures—[Interruption.] I see chuntering among Opposition Front Benchers. If they and the shadow Chancellor wish to fight an election on those matters, I say bring it on.
Let us talk about fiscal responsibility—[Interruption.] The Opposition do not want to hear about that. This Government have brought inflation down by half. Debt is falling by the end of this forecast period. We have the second lowest debt in the G7. We are only able to have this sort of growth Budget because of the prudence and careful measures that we have so far undertaken. Indeed, if I may use language that the Opposition might understand, this is prudence with a purpose. Let us contrast that with the record of the Labour party and Opposition Members. They are still saying that, on top of everything we have heard today, they are going to borrow an extra £28 billion. That will lead to higher debt, because they are borrowing, and higher inflation, which will lead to high interest rates for longer.
(2 years, 11 months ago)
Commons ChamberNo, I will make some progress.
Let us look at the contrast between what the Prime Minister is doing and what is happening in Holyrood. There is a new covid variant. We do not know how serious it will be, but it is right that we should be watchful. The economies of the United Kingdom and of Scotland are on the brink of recovery. In the face of that, the SNP’s priority is an independence referendum. Is that working hard for the people who elected it, bearing in mind the challenges that exist?
I commend the hon. Gentleman for at least trying to address the topic, but I gently say that the First Minister of Scotland went to the Chamber today to address the covid crisis. The First Minister and I, in my speech to the SNP conference, have made it crystal clear that our first priority is dealing with that. The difference is that the First Minister of Scotland went to the Chamber to answer Members. We have repeatedly asked the Prime Minister to make covid statements here, as he should. He does not do that; he does press conferences. He should be accountable to Members, but he has failed to be.
Where I would gently disagree with the right hon. Gentleman is that the position of the Deputy First Minister, Mr Swinney, has explicitly been that independence is the priority. The First Minister has said that, regardless of what happens with covid or the economy, she wants another independence referendum by the end of 2023.
Let us look at another aspect of working hard for the people who elect us and of translating those principles of accountability and leadership and the things in public life that we say we care about. Between 2007 and 2019, the rate of job creation in Scotland increased by about 5%. For the rest of the United Kingdom overall, the increase was about double that. Rather than focus on increasing the rate of job creation in Scotland, the SNP in Holyrood went into coalition with the Greens, whose website—I checked it myself—says explicitly that they want a universal basic income and that they think negative growth is manageable. That is not the action of a Scottish Government who are concerned about working hard for the people who elected them.
Let us turn to another issue, such as drug deaths, which many Members have already mentioned. Scottish drug deaths are the highest in Europe, but the response of the SNP is to decriminalise class A drug possession.
We would all agree that making long-term decisions in the public interest is another good way to implement and translate the principles of accountability, leadership, transparency and probity—all the things that we come to the House to do. What have the Government, led by the Prime Minister, done? On the vaccine roll-out, they opted out of the EU vaccine scheme, which was a brave decision at the time, because lots of people said that it would damn us to being at the back of the queue. In fact, we are at the front. On the green industrial revolution and the 10-point plan, we were lauded internationally at COP26 for our leadership on that issue. On the decision we made on social care, a subject that so many Governments have ducked, I suspect—dare I say it—that the Prime Minister was given advice saying, “Look, this is a really difficult issue. Is it right that we do it?” and the Prime Minister said, “Yes, we need to tackle social care, and we need to come up with a plan that is fairer and better for everybody in this country.” That is what dealing with the long-term interests of the people who elected us is about.
To finish by paraphrasing what the hon. Member for Midlothian (Owen Thompson) said in his speech, even Peppa Pig can see that this Government and this Prime Minister are taking the right actions, and the SNP is not.