Jeevun Sandher debates involving HM Treasury during the 2024 Parliament

Mon 28th Oct 2024
Wed 4th Sep 2024
Budget Responsibility Bill
Commons Chamber

Committee of the whole House

Oral Answers to Questions

Jeevun Sandher Excerpts
Tuesday 29th October 2024

(3 weeks, 2 days ago)

Commons Chamber
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James Murray Portrait James Murray
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The hon. Gentleman can see our commitment to supporting vulnerable households with the cost of energy and food in our extension of the household support fund, at a cost of half a billion pounds, from the end of September to the end of March. That will allow local authorities to help low-income families with the cost of essentials, such as food and energy.

Jeevun Sandher Portrait Dr Jeevun Sandher (Loughborough) (Lab)
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This nation experienced the highest rise in energy bills of all G7 countries after Putin invaded Ukraine, because the Conservatives left us dependent on natural gas and with the worst-insulated homes in western Europe. Can the Minister assure me that we will invest in the clean energy and home insulation that we need to lower energy bills for good?

James Murray Portrait James Murray
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My hon. Friend is absolutely right to say that while it is essential that we tackle high energy bills now, it is also essential that we invest for the future to bring energy bills down for good. Critical to that is investing in our housing stock, as I have mentioned, but also, through GB Energy, in sustainable energy sources to make sure we improve our energy security and bring bills down for families across the country.

Fiscal Rules

Jeevun Sandher Excerpts
Monday 28th October 2024

(3 weeks, 3 days ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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I thank the hon. Lady for her question and share her continued anger about the behaviour of the last Conservative Government, because as she and the whole House will know, our constituents are still paying the price of that Government’s chaos and failure. That is why the first Act of this Labour Government— the first Act that I took through this House—was the Budget Responsibility Act 2024, which locked in the power of the Office for Budget Responsibility to hold this Government and future Governments to account. If we ever again ended up in a position where Conservative Ministers decided to ignore independent checks and balances, the OBR would be able to report its view to this House independently, so that Parliament could hold that future Government to account. I end by pointing to our first fiscal rule, which is that we will pay for day-to-day spending with receipts. Again, that means that we will not end up in the situation that we were in under the last Government, when month after month, borrowing just paid the bills for which they did not put money aside.

Jeevun Sandher Portrait Dr Jeevun Sandher (Loughborough) (Lab)
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Fiscal rules are a tool for responsibility, and we should all welcome rules that help us to act responsibly and invest responsibly. The rules and the accounting definitions that underlie them are not matters of faith, preordained by the Almighty and passed to us on stone tablets; they are there to help us make responsible decisions. Does my right hon. Friend agree with me, and with the former chief economist of the Bank of England, the OECD, the International Monetary Fund and George Osborne’s former Treasury Minister, that we should welcome changes to the fiscal rules that promote investment?

Darren Jones Portrait Darren Jones
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I will avoid the suggestion that we might go back to putting things on stone tablets if I may, but I will accept the invitation in my hon. Friend’s question, and say that after 14 years, we have seen the failure of the approach taken by the last Government. I noted in my statement that public sector investment would now have been at its lowest in 10 years, under the plans of the now Opposition. That has been a failure for the economy and for the British people, and this Government will rectify it.

Budget Responsibility Bill

Jeevun Sandher Excerpts
Nusrat Ghani Portrait Madam Deputy Speaker (Ms Ghani)
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I call Dr Jeevun Sandher to make his maiden speech.

Jeevun Sandher Portrait Dr Jeevun Sandher (Loughborough) (Lab)
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Thank you, Madam Chair, for allowing me to give my maiden speech in this House. Like every Member across this House, it is the greatest honour, privilege and responsibility of my life to represent my community of Loughborough, Shepshed and the villages. I rise at the most difficult moment for our communities and our country since the second world war, when many feel despondency, despair and anger. I know that every Member across this House wants our communities to succeed and to contribute to our national success. That is what my community has done before and will do again, with hope and determination.

My story does not begin in Loughborough. I was not born there—unlike my neighbours, who are now my friends, and who have made it my home. My story instead begins in rural Punjab, 4,000 miles away, where my father was born almost 70 years ago. His chances of dying before his fifth birthday were one in four. Today, a child born in the same place is around nine times less likely to die. That is what economic growth means. It means less suffering, it means less misery and it means less death. That is why I became an economist: to build prosperity and to lessen misery.

I learned my trade in the Treasury and then went to work in Somaliland, one of the poorest nations on Earth, where I helped to write its economic policy, its budgets and its national development plan. That was where I saw the horrors of climate change lead to drought, hunger and death, but also where I learned that even in the darkest of hours and the most difficult of moments we can build prosperity.

Now I stand here as the elected Member of Parliament for my community. It says something remarkable about our nation that the fact that I, the son of immigrants, am standing in this Chamber is in and of itself unremarkable. It speaks to our common culture—a culture forged of different backgrounds, a culture that not only rejects the violence we saw over the summer, but completely rejects its reasoning too.

My election represents an historic first for my community. I am a member of an under-represented minority—I am, of course, the first Member of Parliament elected by the men and women of Loughborough to have a beard. To the organisers of the beard of the year competition I say, “Call me.” Luckily for me, my dad is not eligible for that particular competition. I know that the right hon. Member for Islington North (Jeremy Corbyn) has won the award several times; I hope he does not mind me winning the prize this time, as long as I let him win the argument.

My predecessor in this place, Jane Hunt, was not a contender for that award, but no one can doubt her commitment to team Loughborough, and every single Member across this House and across my community will wish her the very best, especially as she has recovered from cancer. Her predecessor, Baroness Morgan, has talents that are well known both in this and the other place. Before her was my good friend and mentor Andy Reed. Members who know Andy will know that he is still a leading figure in sports policy, and they will also know that Andy is the nicest man in British politics. It is his character that I hope to live up to in this place.

However, I rise to speak at the most difficult time for our communities and our nation since 1945. Our communities are in crisis. Wages in my constituency are £10,000 lower than they would be had we grown at new Labour rates. The divides caused by deindustrialisation have widened from cracks into chasms, with young men who used to leave school and get good jobs now 20% less likely to get any job; in our most deprived neighbourhoods, life expectancy falling before the pandemic; more than any fact or figure, the despair, the despondency and the anger; across and beyond our shores, war in Europe once more, with democracy in danger; and, most seriously of all, a planet that is burning.

For my community, this was the hottest summer we have ever known, followed by the worst flooding we have ever seen, destroying homes. The Prime Minister and I saw that destruction when we visited the homes of Ian and Alan. No one should wake up in the morning to find their home destroyed by flooding, but that will only become more common in the years ahead. What we do in the next decade will determine the fate of our communities, of democracy and of our planet. Either we will rise to this moment, build prosperity for all, protect democracy and stop emitting carbon, or everything we hold dear will crumble and fall.

Previous generations have shown us that we can rise to this moment that threatens us. Our country stood alone against fascism in Europe and won. I think today of my constituent William Williams, 104 years old, who flew Spitfires in the war. As his generation rose to their moment, so can we. My community have shown me that we can. When the waters came and the floods rose, my constituents Caz and Carl did not pause to think if they could help, but only how they could help. They organised collections, they provided refuge, and they looked after perfect strangers. It is their spirit that I carry into this place—asking not if, but how. How can we build prosperity and protect our planet from burning? We can do so by investing in a green transition that creates good jobs and gets wages rising for the people and places left behind when the factories closed. That is what we can achieve, and we are seeing it work already in the United States.

Public Spending: Inheritance

Jeevun Sandher Excerpts
Monday 29th July 2024

(3 months, 3 weeks ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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I welcome you to your place, Madam Deputy Speaker. My right hon. Friend the Secretary of State for Health and Social Care will meet with people affected. We were promised a new hospital in Leeds that has never been built, so I understand the concerns that right hon. and hon. Members have about the hospital programme. However, there is a £22 billion in-year overspend, which means taking incredibly difficult decisions. They are not the decisions that we would want to make, but they are responsible ones in the circumstances, given our dire inheritance from the Conservative party.

Jeevun Sandher Portrait Dr Jeevun Sandher (Loughborough) (Lab)
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I used to work in the Treasury; what we have heard today about the Conservative party is shocking and shameful. The Chancellor has set out how far away the last Government were from meeting their own targets on hospital building. Does she agree that our plan, by contrast, represents a deliverable way to ensure we get waiting lists down?

Rachel Reeves Portrait Rachel Reeves
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My hon. Friend is welcome on the Government Benches with his expertise. Everything in our manifesto was fully costed and fully funded, including 40,000 additional NHS appointments every single week, which will be funded by cracking down on tax avoidance and ensuring that people who make their home in Britain pay their taxes here. We will finally deal with the terrible situation of non-doms claiming that they do not live in Britain for tax purposes, despite making their home here. Those people should contribute to the public purse; under Labour, they will.