(8 years, 12 months ago)
Commons ChamberThe reallocation of funding within local government continues to support poorer areas of the country such as that represented by the hon. Lady. There is now a huge set of incentives for the local community, local businesses and the local council to grow Stoke-on-Trent and see the benefits. They can work with us to make that happen. I am very happy to discuss what more we can do for Stoke and, of course, what more we can do to ensure that Stoke co-ordinates with Crewe and Cheshire East authority, which my constituency sits in and where there are lots of exciting plans to do more together.
The security of our nation starts at home, so may I welcome warmly the excellent news that the police budget will be protected in real terms and that an additional 30% will be spent on counter-terrorism? Does my right hon. Friend agree that protecting or increasing spending in important areas such as the NHS, schools and policing is simply not possible if difficult decisions are not made about public spending elsewhere, and that ideas for such spending cuts are never forthcoming from the Labour party?
(9 years, 1 month ago)
Commons ChamberWhat we have seen tonight from the shadow Chancellor must be one of the quickest and most dramatic U-turns by a shadow Chancellor in history. Not two weeks ago he supported the Chancellor’s charter for budget responsibility, and he surprised us and the British people by seeming to agree that we need to run a budget surplus. That was too good to be true, and today he has set his face against fiscal responsibility. By doing so he sets his face against the British people, including my constituents in Kingston and Surbiton.
Today the shadow Chancellor has given us notice of his plans for more spending funded by more borrowing and higher taxes. In May the British people decided that the Labour party could not be trusted with the economy and that it had not learned from its mistakes last time around. Two weeks ago I was surprised to hear that the shadow Chancellor was ready to take the medicine of accepting Labour’s past economic errors, but now he has shown his true colours by rejecting that medicine and tearing up the prescription. Today he has written out a new prescription—Labour’s prescription—for our economy: more spending, more borrowing and more tax. That is not a prescription for a strong economy, growth or jobs; it is a prescription for economic ruin.
I see the hon. Member for Ilford North (Wes Streeting) is in his place. It is a shame that his colleague the hon. Member for Ilford South (Mike Gapes) is not, because just a few days ago he said on Twitter:
“There is now no collective Shadow cabinet responsibility in our Party, no clarity on economic policy and no credible leadership.”
We have seen none from the shadow Chancellor tonight.
(9 years, 4 months ago)
Commons ChamberI am sure that my hon. Friend will welcome the fact that my right hon. Friend the Chancellor, in his excellent summer Budget, did in fact announce that all eligible non-annuitant policyholders in receipt of pension credit will see their lump sum payments doubled.
3. What steps the Government are taking to support (a) people with savings and (b) home ownership.
We need to move Britain from an economy built on debt to a society built on savings and investment and home ownership. That is why we have reformed pensions and rewarded savers. To back home ownership we are building more starter homes, and our new Help to Buy ISA will be available from the beginning of December, because this Government support the aspirations of working people to buy their own home and provide for their future.
In my weekly surgeries in Kingston and Surbiton a constant theme is how difficult it is to get on the housing ladder in London. Will my right hon. Friend explain how his Help to Buy policies will help my hard-working constituents? Does he agree that plans for more tax, more borrowing and more spending would put house building and families striving to save for a deposit at risk?
My hon. Friend is absolutely right. We are going to help his constituents to buy their own home. The Help to Buy scheme has helped 100,000 people; the new Help to Buy ISA will help the families he represents save up for that deposit; and of course we all still want to see more starter homes being built. We have to address the acute housing shortage in London, and we have the policies to do it.