Budget Resolutions
Melanie Ward Excerpts(1 month, 2 weeks ago)
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Andrew Griffith
I hope that the hon. Gentleman has a long and successful career in this House, but he will not have very long to wait; if he is concerned about a lack of investment in the NHS, I ask him to sit down with the Chief Secretary to the Treasury and ask exactly what the rate of growth will be for NHS spending and departmental spending in the years ’26-27 and ’27-28. Then perhaps he could come back and tell me what he thinks about that level of spending growth.
The Government talk of stabilising the economy—we have heard a lot about that—but this is not a Budget for stability; it is anything but. Let me educate Labour colleagues. There is nothing stable about lowering the rate of economic growth. All that does is create a more fragile and susceptible economy. There is nothing sustainable about a Government changing the fiscal rules after saying that they would not. Even with the potentially unsustainable levels of departmental spend, there is nothing stable in a Government having a razor-thin level of headroom that the OBR quantifies at only £10 billion—just one third of the level that the Chancellor’s predecessor set—to ensure that they remain within the fiscal rules, which they have just made up, by the way.
Andrew Griffith
I will happily give way to the hon. Lady if she wants to talk about headroom in the fiscal rules, and the lack thereof.
Melanie Ward
The hon. Gentleman is talking about stability, but does he recognise the irony in his party—the party of Liz Truss—lecturing the Government about stability?
Andrew Griffith
The—[Interruption.] I am trying to find something relevant to say to the hon. Lady. There is a—[Interruption.]
Melanie Ward (Cowdenbeath and Kirkcaldy) (Lab)
Some have spoken today of the wait for this Budget. Depending on our perspective, we waited either 16 weeks or 14 years, and I was in the latter camp. I was proud to sit behind my right hon. Friend the Member for Leeds West and Pudsey (Rachel Reeves), the first woman Chancellor in the 800-year history of the office, as she delivered the Budget last week, and I was even more proud of the Budget that she introduced and what it means for working people of all ages in Cowdenbeath and Kirkcaldy. One in four children in my constituency are growing up in poverty; they have been failed by two Opposition parties. Save the Children Scotland said this year that the Scottish Government’s policies would not “move the dial” on child poverty, and the SNP has consistently failed to meet the targets it has set. Once again, its Members are not here to listen to the debate.
Because of this Budget, Labour’s fair repayment rate will mean that more than 1 million of the UK’s poorest households will be £420 a year better off from next April. That is expected to benefit 110,000 households in Scotland and to begin at last to drive down dependence on emergency food parcels. Many of those visiting food banks are in work, and the 6.7% increase to the national living wage and the even larger increase for 18 to 20-year-olds is an important recognition of the financial difficulty in which many of my constituents find themselves.
In Fife alone, more than 8,000 low-paid workers stand to benefit from the increase to the national living wage. The mineworkers’ pension scheme will return more than £1 billion to 112,000 former coal workers, 824 of whom are in my constituency. That means that the people who powered our country, who were so badly mistreated for so many years by the Conservatives, will receive a 32% increase to their annual pensions.
Finally, Labour’s Budget delivers the largest financial settlement to the Scottish Government in the history of devolution, with an extra £3.4 billion next year alone. It is over to the SNP now to use that competently to fix Scotland’s precious public services, which the SNP has run down over the past 17 years.
In conclusion, this Budget delivers for all age groups and all parts of my constituency in enacting our manifesto commitments to make work pay, to revive our public services and to tackle poverty. I am proud to support this historic Budget.