Budget Resolutions

Perran Moon Excerpts

Wednesday 6th November 2024 Commons Chamber

[Perran Moon (Camborne and Redruth) (Lab)]

This is a truly landmark Budget, not only for its glass ceiling smashing—I sincerely hope that the girls and young women in my constituency will be inspired to see the first female Chancellor for England after 800 years—but because it provides the basis for a clean break from the race to the bottom, trickle-down economic drivel, riddled with vested interests, to which the Conservatives have subjected the country for the past 14 years, with austerity, recession, dodgy personal protective equipment contracts and economic collapse. The public should never forgive and never forget what the Conservatives have done to our country.

This Budget marks an end to using public finances and the British people as guinea pigs in an economic experiment that sent interest rates and mortgage rates soaring and living standards plummeting and saw families gripped in the vice-like clutch of the Conservatives’ cost of living crisis. When I listened to the response of the former Leader of the Opposition—it is hard to keep up—it was crystal clear to me that the born-to-rule Conservatives simply have not understood that they are not ruling any more. I only wanted to hear one word from the former Leader of the Opposition: sorry. That word never came.

As someone with over 30 years of private sector experience, I am getting a bit bored of the trope that no one on this side of the House has any private sector experience—

[Graham Stuart]

What about on the Front Bench?

[Perran Moon]

The right hon. Gentleman asks about the Government Front Bench. I appreciate that a large proportion of Conservative MPs now serve on the Front Bench; that begs a question about the quality of the people left behind.

On the one hand the Budget places desperately needed money in the hands of the lowest-paid workers, where it will be spent locally, and on the other hand it heralds a new era of much-needed infrastructure investment—the kind that will stimulate growth in the economy and thousands of new jobs across the country, based on a coherent industrial strategy. It sets us on a course to rebuild depleted public services and lays the foundations for the pillars of a decade of economic and social renewal.

The Budget recognises the importance of the shared prosperity fund, which the Conservatives wanted to scrap to pay for their hare-brained national service plan —a decision that would have been devastating for the people of Cornwall, as well as for many other communities around the UK. The Budget places British workers at its heart—those same British workers who rejected the failed economic experiments of the Conservatives, along with the chaos, infighting and fiscal incompetence. They voted decisively for stability and security—a sea change from the previous 14 years. They voted for change; this Budget delivers it.