Employer National Insurance Contributions

Joe Robertson Excerpts

Wednesday 4th December 2024 Commons Chamber

[Kevin Bonavia]

I totally agree with my hon. Friend that this Government are supporting people across the whole country, including Scotland today, and I really hope the Scottish Government use the money they have been given well.

Returning to the Opposition motion, were they also opposed to our country being left a £22 billion black hole by the last Government? Where they also opposed to the disastrous Liz Truss mini-Budget, which included £45 billion of unfunded tax cuts, and which shocked the markets, crashed the pound and skyrocketed mortgage rates? Were they also opposed to the last Government’s spring Budget, which included myriad damaging unfunded promises in an attempt to flash the cash at the public ahead of an election? If they do now oppose all the above, they must agree with me that we have to restore economic stability by funding our pledges. That means finding money, and if it is not through this measure, would they tax working people or make another black hole? We have to face down the reality of these choices for what they are.

It is overwhelmingly clear that the shadow Cabinet, who were exiled into opposition this summer, have not learned a single thing. They have made £6.7 billion in unfunded spending commitments in just four weeks. At least we can be grateful that they are not in the position to do more damage at the moment. Turning to what the funds raised from this measure will do, are the Opposition opposed to investing an extra £25.6 billion to fix the foundations of our NHS or cutting waiting times with 40,000 extra elective appointments a week?

[Joe Robertson (Isle of Wight East) (Con)]

The hon. Gentleman talks about the NHS. What does he have to say to pharmacies, which report that his Government’s measures will cost pharmacists £50 million, even after taking into account the employment allowance?

[Kevin Bonavia]

I say to all Members of this House that people have to see these measures in the round. This Budget will support all our businesses in the long run. Are the Opposition now opposed to protecting the triple lock, increasing carer’s allowance, freezing fuel duty, paying workers properly and supporting local councils? Are they opposed to boosting education funding by £6.7 billion and hiring 6,500 extra teachers, who our children desperately need to secure their future? If they are opposed to those things, they are not listening to the British public who, in my constituency of Stevenage and in hundreds of other seats, voted at the last election for a change from years of Conservative chaos.

Change with Labour will bring a decade of national renewal to fix our public services from the ground up. Businesses can only have the confidence to invest in the UK if we bring stability to the economy, put money into the pockets of customers and develop thriving public services for the workforce that will in turn improve productivity for businesses. Business confidence was demonstrated by the record-breaking £63 billion in investment secured for the UK economy at the international investment summit. Under Labour, Britain is open for business.

Today, the Conservative Opposition are asking us to pretend that we can grow our economy and rebuild our public services without saying how it would all be paid for. This Tory Opposition, with their motion today, show that they have learned nothing from 14 years of Tory fantasy economics. The shadow Chancellor brought up fantasy economics, and his party delivered that for 14 years in government. Today we have a Labour Government. The country voted against fantasy economics in July, and today I will vote against it too.