Spring Statement Debate

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Department: HM Treasury
Wednesday 26th March 2025

(6 days, 12 hours ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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We have a very basic principle that people who deserve to be protected should be, that those who can work should and that we need a system that is sustainable. We do not have any of those three things today. That is why we are reforming our welfare system to give additional support for those with the highest needs, to give personalised, targeted and guaranteed support to help people back into work and to ensure that we have a system that is sustainable so that it is there for generations to come.

Louise Jones Portrait Louise Jones (North East Derbyshire) (Lab)
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As the Chancellor will know, the east midlands is often at the bottom of investment league tables and we suffer through a lack of transport planning. Will the Chancellor outline how the extra public investment and the national wealth fund will change that and deliver for people in North East Derbyshire?

Rachel Reeves Portrait Rachel Reeves
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I thank my hon. Friend for that question. People in North East Derbyshire will benefit from the additional homes, whether they are able to buy those homes, rent those homes or, indeed, build those homes, as we expand the number of construction apprenticeships and construct 10 new technical excellence colleges. They will also benefit from the increases in real household disposable income. When the economy grows, we want to have more money in people’s pockets and that is what the OBR today confirms will happen.