Keir Starmer
Main Page: Keir Starmer (Labour - Holborn and St Pancras)Department Debates - View all Keir Starmer's debates with the Cabinet Office
(2 years, 6 months ago)
Commons ChamberMay I pay tribute to all those who served in the Falklands? My uncle was among them, serving on HMS Antelope when it went down. Thankfully, he made it back, but too many serving in that war did not. We remember them all.
Britain is set for lower growth than every major economy except Russia. Why?
I will tell the right hon. and learned Gentleman: actually, according to the International Monetary Fund and the OECD, in addition to the fastest growth in the G7 last year, we are going to have the second fastest this year, and we will return to the top of the table. The reason that other countries are temporarily moving ahead is, of course, that we came out of the pandemic faster than they did, because we took the right decisions to come out of lockdown—which he opposed. That is why, right now, we have the highest number of people on payrolled employment on record.
The Prime Minister always likes to blame global forces, but global forces are just that: global—everybody faces them. Britain is not under crippling economic sanctions like Russia. No wonder he does not want to answer the question: why is the UK set for lower growth than every other major economy?
I think everybody can see that I have just answered the question. Once again, the right hon. Gentleman is guilty of what m’legal friends call “ignoratio elenchi”: he has failed to listen to what I have actually said. What would be useful, in supporting the UK economy right now, would be if the leader of the Labour party ended his sphinx-like silence about the RMT’s strikes coming up in the course of the next couple of weeks. Will he now break with his shadow Transport Secretary and denounce Labour’s rail strikes?
Just to remind the Prime Minister—he seems to have forgotten—it is Prime Minister’s questions, not Opposition questions.
He is in government. He could do something to stop the strikes, but he has not lifted a finger. I do not want the strikes to go ahead, but he does. He wants the country to grind to a halt so that he can feed off the division.
As for his boasting about the economy, he thinks he can perform Jedi mind tricks on the country—“These aren’t the droids you’re looking for”. “No rules were broken”. “The economy is booming”. The problem is, the Force just isn’t with him any more. He thinks he is Obi-Wan Kenobi; the truth is, he is Jabba the Hutt. Last week he stood there and boasted that we would continue to grow the economy. This week it turns out that the economy shrank for the second month in a row. How does it help Britain to have an ostrich Prime Minister with his head in the sand?
There he goes again, Mr Speaker, running this country down. We have got the highest employment—the highest payroll employment—[Interruption.]
We have got lower unemployment than France, Germany, Italy or Canada. As I have said, we have the highest number of people in payroll jobs—620,000 more—since records began. The right hon. Gentleman might like to know that just in the first five months of this year, this country has attracted, I think, £16 billion of investment in its tech sector. He does not like these European comparisons; let us make them for him. That is three times as much as Germany, twice as much as France. He should be talking this country up, not running it down.
That’s the ostrich. He is not just denying how bad things are; he is actively making things worse. His 15 tax rises are throttling growth and the Director of the CBI is so fed up that he is reduced to saying:
“Can we stop Operation Save Big Dog and…move to action stations on the economy?”
We know what the Prime Minister says about British business in private—I think that is pretty unparliamentary —but when did screwing business turn from a flippant comment into economic policy?
I just reminded the House of what is happening in tech week in this country—the massive investment that is coming in, helped, by the way, by the 130% super deduction for business investment that my right hon. Friend the Chancellor has put in. Never forget, Mr Speaker, that under Labour, taxes go up on businesses and on people. We are not only putting £1,200 more into people’s pockets; the right hon. Gentleman talks about taxes, and we are having a tax cut worth £330 on average for everybody who pays national insurance. Labour has already made spending commitments, in this Parliament alone, worth £94 billion more than the Government’s. That is £2,100 for every household in the country. No wonder no Labour Government have ever left office with unemployment lower than when they came in.
Fifteen tax rises, and we are saddled with the highest tax burden since rationing. He says the economy is booming when it is shrinking. He is game-playing so much, he thinks he is on “Love Island”. Trouble is, Prime Minister, I am reliably informed that contestants that give the public the ick get booted out.
It is not just low growth. He has also lost control of inflation. He was warned about this last September, and what did he do? He dismissed it; he did not act; he sat on his hands. Now prices are through the roof and we are set to have the highest inflation in the G7. When will he accept that he got it badly wrong when he claimed that worries about inflation were “unfounded”?
We are helping people with the cost of living with £1,200, and on 14 July the money will be going into people’s bank accounts. Why can we do that? Because we have the fiscal firepower to do it and because the economy is in robust shape, with record numbers of people in payroll employment. That is thanks to the steps that we took, that the right hon. and learned Gentleman continuously opposed. I will not say this interrogatively, Mr Speaker, but he has the chance now to clear this up. He can oppose Labour’s rail strikes right now—[Interruption.] He can disagree; I will give him that opportunity. Let him disagree with the union barons who would add to people’s costs in the coming weeks.
I do not want the strikes to go ahead. The Prime Minister does, so that he can feed on the division—[Interruption.] There may be a lot of noise now, but I have a long list of what his MPs really think of him. “Dragging everyone down.” Who said that? Come on! Who was it who said that? “Authority is destroyed.” Come on, hands up! Which of you was it? “Can’t win back trust.” Anybody owning up? You are very quiet now. Hands! Hands!
My personal favourite is this. It is a document circulated by his Back Benchers, in which they call him the “Conservative Corbyn”. Prime Minister, I don’t think that was intended as a compliment. Week after week, he stands there and spouts the same nonsense: the economy is booming, everything is going swimmingly, the people should be grateful. But while he is telling Britain that we have never had it so good, millions of working people and businesses know the reality. Britain’s growth is going to be slower than our competitors, and our inflation higher. A Prime Minister who sounds totally deluded, totally failing on the economy, failing to tackle—
Order. I think we need to get to the end of the question, but I will just remind hon. Members that I will hear the end of the question in silence. Any more noise in this corner of the Chamber, and there will be another early cup of tea if we are not careful.
A Prime Minister who sounds totally deluded, totally failing the economy, failing to tackle inflation, failing to back business, failing to help working people through the crisis, and his big idea is to go back to imperial measurements. He has ’80s inflation and ’70s stagnation; now he wants ’60s weights to complete the set. When is he going to ditch the gimmicks and face up to the reality that, under him, Britain’s economy is going backwards?