The Economy and Work Debate

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Department: HM Treasury
Thursday 26th May 2016

(8 years, 6 months ago)

Commons Chamber
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John McDonnell Portrait John McDonnell
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Mr Deputy Speaker, you are a class act. The shout was, “Do we welcome the jobs?” Of course we do, but let us be clear: too many of the jobs created since 2010 have been poorly paid and insecure. Some 800,000 people are now on zero-hours contracts. Insecurity at work has been made worse by the undermining of employment rights by the Government. There is no need for that.

Neil Coyle Portrait Neil Coyle (Bermondsey and Old Southwark) (Lab)
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Does my hon. Friend share my concern that the Trussell Trust, which provides the food bank in Southwark, is providing food bank support to hundreds of people in work? It estimates that 10% of the people it serves in central London are in work.

John McDonnell Portrait John McDonnell
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We welcome new jobs, but insecurity and poor pay mean that the numbers in work who are going along to get support from food banks is growing rather than reducing.

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George Osborne Portrait Mr Osborne
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I do not agree with that. Evidence shows that as a result of university reforms introduced by the Labour Government—which the hon. Gentleman used to support—and by the coalition Government and now this Conservative Government, not only are a record number of students going to our universities, but a record number of students from disadvantaged backgrounds are going. I find it extraordinary that a Labour party that introduced tuition fees is now promising to scrap them and create a £10 billion hole that will presumably be filled by taxes that are paid by those who did not go to university and have lower incomes. That is the so-called progressive policy of the so-called progressive Labour party.

Neil Coyle Portrait Neil Coyle
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The Chancellor says he is proud of the Government’s track record on social care. How many fewer older and disabled people receive social care services from local authorities now than when he took office in 2010?

George Osborne Portrait Mr Osborne
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We have put more money into social care, and we have allowed the precept to be applied by councils, many of which have taken up that option. As a result, more money will go into social care in the coming years. That is what we have done, but we could not do any of those things such as support social care or universities without a sound economic policy. I listened in complete incredulity to yet another speech from yet another shadow Chancellor promising yet more billions of pounds of spending, borrowing, and extra taxes. It is as if the scorching experience of the financial crash eight years ago, and the crippling deficit with which Labour saddled this country, never happened.

When the hon. Member for Hayes and Harlington (John McDonnell) mentioned the record of the Labour Government he kept saying, “Up until 2008”, as if he had forgotten that the biggest crash in modern history was while the Labour party was in office. It is a bit like saying to Mrs Lincoln, “Apart from the assassination, did you enjoy the play?”