Economic Affairs and Work and Pensions

Kwasi Kwarteng Excerpts

Tuesday 8th June 2010 Commons Chamber

[Kwasi Kwarteng (Spelthorne) (Con)]

It is a great honour to be called to deliver my maiden speech. First of all, I want to give hearty thanks to David Wilshire who, amidst difficulties and press distortions, managed to keep up his work as a fine constituency MP. Very often, people would open the door to me and say, “Ah, so you’re the new David Wilshire,” and I would reply, “Well, sort of, but I want to continue his traditions of service and commitment to the constituency.”

People always ask me, “Where is Spelthorne?” A friend of mine said he did not realise it was a constituency; instead he thought someone called David Spelthorne was the MP for Wilshire. It is, however, a well-known constituency, and Spelthorne is a very old name, too. It comes from an old English word of which we have a remnant in the word “spelling”. It means speaking, and the “thorne” part of the word “Spelthorne’” referred to a thorn tree on Ashford common where people used to gather and speak. That is where the name comes from, and it also appears in the Domesday Book as the southern hundred of the old county of Middlesex.

Middlesex had a long and illustrious history, which my predecessor was very keen to stress—much to the annoyance of my Surrey colleagues. Middlesex did have an existence, however, and it had a reputation in this House, because in the old days it had proper elections. Charles James Fox was elected, and thousands of people were involved, whereas in nearby rotten boroughs there might be only half a dozen people. Famously, John Wilkes was elected in Middlesex, and was a distinguished Member of this House. He was described as the “ugliest man in England” but, like many politicians, he was not afraid of boasting and celebrating his own talents and he said that he had such charm that he could “talk away his face” in “half an hour”. Hon. Members can imagine my surprise at the fact that we were given only seven minutes to speak in the House today.

In the limited time available to me, I wish to make some points about the subject of today’s debate. Spelthorne is a seat in the south-east that relies almost exclusively on infrastructure and economic expansion, and in that context self-starting business men are very important. A gentleman from Shepperton, in my constituency, who has been in the breakage business for 30 years said to me, “Kwasi, it is very difficult. I am getting strangled by red tape and bureaucracy.” A Government quango, whose name I shall not mention, had been bombarding him with forms that he had to fill in, so he had been spending all his time filling in forms and none of his time attending to the business. My thought was that it was precisely those small business people who will drive us out of recession and into recovery.

I have to say—even though this is a maiden speech, I will be controversial—that to hear Labour Members in many of these debates is to be in never-never land; they have not once accepted any blame for what happened and they seem to think that we can just sail on as before. In many of their eloquent speeches it appears that they have forgotten that wealth creation is the most important element in getting us out of this recession. I heard the right hon. Member for Oldham West and Royton (Mr Meacher), who I believe has been in the House for 40 years, say that he was going to tax those in The Sunday Times rich list. Of course, one of the results of their being rich is that they can leave the country in about half an hour, so if he were to go down that route, a lot of them would leave and he would not bring in any more money to the Exchequer.

One of the right hon. Gentleman’s remarks reminded me of the story of the man who, when leaving a gentlemen’s club—it might have been the Carlton Club—in 1970 gave the footman sixpence. The footman looked at him and said, “That is only sixpence,” to which he replied, “Ah, it is sixpence to you, but it is a pound to me.” That was because income tax was at 95% or 97%. We cannot go down the road that the right hon. Gentleman suggests, and the Conservatives have stressed again and again that the only way to get out of this difficulty is to try to let business grow.

I was surprised to hear the hon. Member for Edinburgh South (Ian Murray) refer to the Scottish enlightenment. He will recall that one of its most prominent figures was Adam Smith, rather than the previous Prime Minister, who did not take an enlightened Scottish approach. Adam Smith made it very clear in “The Wealth of Nations”, a book that many hon. Members will know, how societies grow rich and how they can become very poor. I am sorry to say that the past 13 years have been an exercise that Adam Smith and the university of Edinburgh would probably have awarded a flat D grade for performance—although perhaps he would have awarded a B grade for effort, who knows?

I am pleased at this juncture to refer to the compelling speech made by the hon. Member for Newcastle upon Tyne Central (Chi Onwurah), in which she mentioned George Stephenson. There was some controversy as to whether he came from Newcastle upon Tyne Central or from Chesterfield, but I shall not comment on that as that is a matter for Labour Members. What she did say was that he made a fortune through industry, enterprise and innovation, and those are exactly the kind of things that this coalition Government will look to promote in the months and years ahead.

To sum up, I should say that the truest words said in this debate were uttered by someone making a maiden speech, my hon. Friend the Member for Loughborough (Nicky Morgan), who said that the private sector is the “backbone of our economy”. In my few weeks in the House, I have not heard any truer words uttered in it. That is something that we have to be absolutely focused on, in terms of getting out of the recession. I hate to say this, but I find it staggering that Labour Members have not had the good grace to come to the House to apologise and to show some recognition of the very real problems that we face and the solutions that we need to get out of this situation. I thank the House for giving me such a good and warm reception for my maiden speech.