Property Taxes Debate

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Department: HM Treasury

Property Taxes

Melanie Ward Excerpts
Wednesday 3rd September 2025

(3 days ago)

Commons Chamber
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Melanie Ward Portrait Melanie Ward (Cowdenbeath and Kirkcaldy) (Lab)
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Here we are, with another Opposition day debate and another tedious motion from the Conservatives that completely ignores the catastrophic economic inheritance they left for this Labour Government coming into power. Their decision to put Liz Truss into Downing Street is something they will never quite live down. It really does stick in the craw to be lectured on sound economic management by them. We have had some fine examples of that today, with the hon. Member for Bridgwater (Sir Ashley Fox) stating his belief that speculation about future measures damages the economy. Why, then, have the Conservatives today put down a motion that is entirely about speculation? It makes no sense, even on their own terms.

In government, the Conservatives did untold economic damage to the UK’s public finances, and the Chancellor is right to prioritise investment in our infrastructure and public services while ensuring sound economic management. The Conservatives talk of wanting to put more money in people’s pockets, yet they presided over the worst pay growth of any Government for a century. Had the Conservatives—and, we must not forget, the Liberal Democrats for a while—grown wages between 2010 and 2024 at the same pace as the previous Labour Government, the average worker would be £117 a week better off. [Interruption.] Opposition Members may heckle, but that is real money that could be in my constituents’ pockets which is not because of what their Government did.

It is this Labour Government who are putting money back in people’s pockets. Our increase to the national minimum wage means that wages are rising faster than prices, and 8,000 low-paid Fifers this year received a pay rise, including thousands in my constituency of Cowdenbeath and Kirkcaldy. Let us not forget that the Leader of the Opposition said that the minimum wage is a burden and that maternity pay is excessive. It is the Labour Government’s stewardship of the economy that means interest rates have fallen five times and average mortgages are now £1,000 a year less than when the Conservatives were in power. Again, that is real money in the pockets of my constituents. My constituents know that it is this Labour Government and this Labour Chancellor who have prioritised Kirkcaldy for multimillion-pound regeneration funding as part of the growth mission fund, beginning the transformation of our town centre, which was neglected for a decade and a half by the Tories, and for almost two decades by their enablers in the Scottish National party.

The old cliché that to govern is to choose is correct. All politics is about choice, and the difference between this Labour Government and the Opposition is that we have chosen to invest in our communities, in our public services and in increasing economic activity and wages, after they failed to do so under five Prime Ministers and seven Chancellors.

Nusrat Ghani Portrait Madam Deputy Speaker (Ms Nusrat Ghani)
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We now come to the wind-ups. I call the shadow Secretary of State.