The Growth Plan

Debate between Kwasi Kwarteng and Lloyd Russell-Moyle

Friday 23rd September 2022 Commons Chamber

[Lloyd Russell-Moyle (Brighton, Kemptown) (Lab/Co-op)]

The reality is that this is a class war Budget. It is an ideological Budget. It is about taking from the poor and giving to the rich. It is about lining their pockets. It is about them and us. That party over there has said, “We do not care about ordinary people in this country; we care about piling on debt. We will make ordinary people pay while our chums in the City get rich.” And will those chums spend the money on the economy? No: they will squirrel it away in tax havens around the world, because that is what they have always done. Is this Budget not a disgrace?

[Kwasi Kwarteng]

Let me reiterate that reversing the national insurance increase, which Labour supported—[Interruption.] Three months ago, Labour voted against the increase in national insurance. I reversed that: we reversed it. That helps people—the 1p cut in the basic rate helps people. That is not class war.