Budget Resolutions and Economic Situation

Rob Roberts Excerpts

Tuesday 9th March 2021 Commons Chamber

[Rob Roberts (Delyn) (Con)]

It is a pleasure to follow the right hon. Member for Kingston upon Hull North (Dame Diana Johnson) and to talk about a Budget that works for everyone and that will bring real investment in every part of the United Kingdom and begin to build our future economy. However, from the poor picture the Opposition have painted we would not believe that that was the case. The Leader of the Opposition claimed that the Chancellor was raising taxes based on the electoral cycle rather than an economic cycle and that raising taxes now means he will just cut them before the next election. Speaking of electoral cycles, the cynic in me might point towards the Welsh Labour Government sitting on about £1.3 billion in unallocated funds and wonder when they might actually get around to using them to provide the support that businesses in Delyn and across north Wales are so desperately asking for. Far from being politically churlish, the Chancellor has based his decisions on sound economics and has left playing games with the electorate to the Leader of the Opposition and his party.

Personal tax allowance has been frozen over the remainder of this Parliament and until 2026, hardly a populist move. Corporation tax only rises in 2023, a whole year before the next general election. Delaying the corporation tax rise and implementing the excellent super deduction plan allows businesses to invest with confidence now, helping us build back better sooner and ensuring that we pay back the cost of the support schemes at a point when we have higher employment and a more stable economy.

A number of Opposition contributors have talked about the Chancellor’s brand, and I say to them that if they spent more time emulating the Chancellor’s brand, they might make for a more credible Opposition, because the only brand the Chancellor is cultivating is one of fiscal responsibility, backing business and supporting those most in need in our society.

Looking a little further along the shadow Front Bench, the shadow Chancellor claimed that only a Labour Budget would hand power to local communities. Again, I wonder whether she has read the Budget at all, as this is a programme that is clear on its commitment to levelling up every community, every town and every region, whether through the community ownership fund, which gives power to communities to buy much-loved local assets, or through the levelling-up fund, which will invest in vital local infrastructure projects. Every corner of the United Kingdom benefits, leaving no one behind.

This is a Budget that delivers for the whole Union, with Wales receiving an additional £740 million, and the north Wales growth deal being brought forward from 15 to 10 years, supporting that deal to create over 3,500 new jobs, with an uplift of 2.2 billion for the local economy in north Wales. It is a Budget that rightly has one eye on the present and one eye firmly on the future as we build back better.