Cost of Living Debate

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Department: HM Treasury

Cost of Living

Richard Graham Excerpts
Wednesday 27th November 2013

(10 years, 5 months ago)

Commons Chamber
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Eleanor Laing Portrait Madam Deputy Speaker (Mrs Eleanor Laing)
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Order. The House cannot hear the Minister. If hon. Members want to argue with him, they must hear what he has to say first.

Sajid Javid Portrait Sajid Javid
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Thank you, Madam Deputy Speaker. I give way to my hon. Friend.

Richard Graham Portrait Richard Graham
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I am very grateful to the Minister for giving way—he has been gracious throughout the debate. It is appropriate that we follow Madam Deputy Speaker’s advice and listen to him carefully. I would reinforce his point from my experience in Gloucester. Under the previous Government, 6,000 people in business lost their jobs, but since the last election, 3,000 new business jobs have been created and four times the number of apprentices have been employed, and unemployment and youth unemployment are lower. Does the Minister agree that this debate should not be about the cost of living, but be about the cost of having a Labour Government to people with jobs in my constituency?

Sajid Javid Portrait Sajid Javid
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My hon. Friend is right. Hon. Members know—I am highlighting this as much as I can in the debate—just how many lives and aspirations the Labour Government destroyed in their time in office.

The House has just heard the shadow Treasury Minister. His speech was more interesting for what was not in it than for what was. There is no talk today of plan B—[Interruption.] What the shadow Treasury did not mention was predictable. Let me say what it was, because four or five months ago, we heard what he did not say today in virtually every single speech from Labour Front Benchers. We heard no talk today of plan B. I did not hear anyone say, “Too far, too fast.” There was no mention of a double-dip, let alone of a triple-dip, because Labour Members know that there has been only one dip in recent times: Labour’s dip. They have comprehensively lost the economic argument. They have no plan and no answers for the problems they helped to create.