Lola McEvoy
Main Page: Lola McEvoy (Labour - Darlington)Department Debates - View all Lola McEvoy's debates with the HM Treasury
(2 months ago)
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Rachel Reeves
It is important that all the policies that we have set out are fully costed and fully funded, and the change that we have made to the foreign branch exemption will fund today’s package of measures. The reduction in inflation due to the measures I set out in my Budget last year, and the strong growth that we have seen—the fastest in the G7 in the first quarter of this year—make the package affordable and sustainable. That is why we are able to set out this support today.
Lola McEvoy (Darlington) (Lab)
I wholeheartedly welcome the Chancellor’s intervention at a time when the cost of living is increasingly putting pressure on working families in Darlington. This is a proper Labour intervention from a proper Labour Chancellor, and representation matters in this House. As I look around the Chamber, I can see Stoke and the ceramics industry supported. I can see Redcar, Middlesbrough and Stockton represented, and their industries supported. Not only has this Labour Chancellor intervened to make sure that families in my constituency can have a much better summer, but their jobs will be secure for much longer, so I thank her.
Rachel Reeves
This package was not just designed by me; it was designed by hon. and right hon. Members of this House who have made representations to me about the cost of living, but also about the specific business needs and business challenges in their constituencies. Although I am proud to be the Chancellor who has delivered today’s package, I pay tribute to all Members who have contributed to it.