(7 years, 7 months ago)
Commons ChamberInequality has gone down under this Government. The Budget shows that the top 1% of earners will actually contribute 27% in terms of the income that they are providing.
Let me address the issue of schools. The problem with what the right hon. Gentleman says is that the Labour party has opposed, and continues to oppose, every single education policy brought forward by this Government, delivering more good school places for children. The Labour party’s approach is that parents shall take what they are given, good or bad. We believe in listening to parents.
Let us look ahead to what the right hon. Gentleman’s policies would produce for this country: half a trillion pounds of borrowing—£500 billion more borrowing under the Labour party—more taxes, more spending and more borrowing. It would be a bankrupt Britain that would not give money for public services or help ordinary working families. It is the Conservative party that is helping ordinary working families. It is the Labour party that is failing to address the needs of the people of this country. We are delivering. He is just sitting there or going on protest marches.
I thank my hon. Friend, because he has raised an important point. One of the issues we have addressed in the Budget is putting more money into skills training—into further education and technical education—for young people. I think that one of the most important things we can do is equip young people for their futures, and for the jobs of the future, so that they can get on in life. We are investing an extra half a billion pounds a year, as I said earlier, in England’s technical education system to do this.
My hon. Friend referred to the issue of a minimum funding level. My right hon. Friend the Education Secretary confirmed last month that the Department for Education has heard representations on this issue. It is considering these issues, but the funding formula is a complex issue that has needed addressing for some time, and we will be looking at it carefully.