Budget Resolutions
Debate between Mike Martin and Andrew Griffith(2 weeks, 1 day ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Andrew Griffith
The ability to continue to invest in our public services, and the sterling work done by the predecessor Government on levelling up every part of the United Kingdom—[Interruption.] Government Members do not like it, but that work relies fundamentally on private enterprise, which pays the taxes that fund the prosperity and the infrastructure that this country needs. I am afraid that the hon. Gentleman is merely showing once again his party’s deficient understanding of how a modern economy works—it is markets, not Governments, that drive up prosperity—and how free trade has improved human health.
Mike Martin (Tunbridge Wells) (LD)
Does the shadow Secretary of State think that the Conservative-designed and implemented Brexit is good for markets, good for business, and good for growth?
Andrew Griffith
Well, we will talk a little later about stability. If colleagues do not have maiden speeches to make, I will be very happy to talk at great length about the many benefits of Brexit and the important ability for a country to make its own laws and deliver benefits for the economy.
Let me make some progress. The Secretary of State has talked much about infrastructure, and, indeed, that is partly the subject of today’s debate. Although creating infrastructure is a noble goal, important to all the constituents who send us here, words, I am afraid, are cheap, and the actions of his party somewhat undermine his position. His party voted in the other place against measures to allow 100,000 homes to be built, and his Labour Mayor of London failed to build to such an extent that the Secretary of State for Housing, Communities and Local Government now proposes lowering his targets. This Labour Budget has pulled up the housing ladder for so many, by increasing the burden of stamp duty for first-time buyers. Currently, an estimated 80% of first-time buyers pay no stamp duty, but from April 2025, that could fall to only half.