Business of the House

Jon Trickett Excerpts

Thursday 29th June 2023 Commons Chamber

[Penny Mordaunt]

I thank the hon. Lady for raising this important matter. As she knows, we have provided more than 2.2 million additional homes and delivered 632,600 affordable homes since we came to office. We have also helped many people take that step on to the property ladder. However, this is about not just housing supply but a whole raft of challenges that individuals and families face, and I know that this is a concern to many Members across the House. I am very happy to make sure that the Department has heard her call for time on the Floor of the House, and her plea has also been heard by the Chair of the Backbench Business Committee, the hon. Member for Gateshead (Ian Mearns), who is sitting behind her.

[Jon Trickett (Hemsworth) (Lab)]

The Governor of the Bank of England earns more than £10,000 a week. The Bank made billions of pounds in profit from last year’s catastrophic mini-Budget, and the bonuses that are jointly earned by his staff add up to more than £23 million. How can he use his lofty position to criticise workers who are struggling to get a pay increase, when pay rises have fallen so far behind inflation? Can we have a debate in Government time to discuss this issue and bust the myth that wages are somehow creating the inflation problem that we have at the moment?

[Penny Mordaunt]

I thank the hon. Gentleman for his question. I shall not rehearse the arguments that were made at Prime Minister’s questions yesterday, but pay restraint is an important part of our getting through this very difficult time and, in particular, tackling inflation. The next opportunity to question the Treasury team on this matter is not until after recess, so I shall make sure that they have heard his concerns.