Spending Review 2025
Debate between Rachel Reeves and John Slinger(2 weeks, 6 days ago)
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Rachel Reeves
We finally have a Labour Government here and in Wales to work together for the people of Clwyd North and across Wales to make those investments, including the significant investments in transport that we have announced today. I pay tribute to all the Welsh Labour MPs who have lobbied me so extensively to get this investment into Welsh rail. I was left with no doubt about what the priority is for the people of Wales: transport investment and investment into coal tip safety. I am pleased to have been able to set that out in the spending review.
John Slinger (Rugby) (Lab)
In the age of anger that our opponents seek to exploit, we need a responsibility revolution. This Government have taken on that responsibility by taking tough decisions to stabilise the economy and carry out long-term reforms. Does my right hon. Friend agree that it is her responsible approach, not cakeism 2.0, Trussonomics or Reform’s fantasy economics, that enables today’s welcome investment? The investment will benefit my constituents—in healthcare, the green transition, and the defence investment that will help GE Vernova employ hundreds more people in my constituency.
Rachel Reeves
We had to make difficult decisions last year to put the public finances on a firm footing after the appalling economic management of the Conservatives sent interest rates soaring and put pensions in peril—something that was welcomed by the current shadow Chief Secretary to the Treasury, the hon. Member for North Bedfordshire (Richard Fuller), and that is why he has the word “shadow” at the front of his title. Economic responsibility is essential. I set out the envelope for public spending in the Budget last year, and we have allocated that money today—not a penny more, not a penny less.
Spring Statement
Debate between Rachel Reeves and John Slinger(3 months ago)
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Rachel Reeves
When I became Chancellor, I inherited from the Conservative party a £22 billion black hole, which we have taken action to address. I would say to the right hon. Lady’s constituents that they will now see a doctor or nurse more quickly than under the last Government, because NHS waiting lists have fallen for five months in a row.
John Slinger (Rugby) (Lab)
Does my right hon. Friend agree that the main contrast between this Government and the last one is strength versus weakness? They were too weak to crack down on wasteful spending, to address the tax breaks and loopholes for the wealthy, and to take on the blockers in the planning system. Does she further agree that while the Conservatives—the party of vested interests—seek to conserve what has failed, this Labour Government have the strength to take the tough, long-term decisions to build a better and much fairer Britain?
Rachel Reeves
Today, the OBR has scored some of our planning measures, which will make the economy £6.8 billion bigger by the end of the Parliament, contributing £3.4 billion to our public finances and services. That is possible only because we are taking on the vested interests, and are getting Britain building by backing the builders, not the blockers. We are the Government increasing defence spending to 2.5% of GDP. The Tories had 14 years to do that, but they failed. This Labour Government have done that in our first year.