Budget Resolutions
Debate between Roger Gale and Ruth Jones(9 months, 1 week ago)
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Ruth Jones (Newport West) (Lab)
Thank you, Mr Deputy Speaker. I knew my patience would be rewarded in the end.
I am pleased to be able to say a few words on behalf of the people of Newport West. I am just sorry that those words will be about such a bad Budget—a missed opportunity, and a let-down for my constituents. I congratulate the Leader of the Opposition on his powerful and compassionate response to the Budget on Wednesday. I also congratulate all my right hon. and hon. Friends who have spoken in recent days, especially the shadow Chief Secretary to the Treasury, who, earlier this afternoon, called out so powerfully and forensically the lack of a Government plan.
Week in and week out, real people come to my office, write to me, email me and call my team to describe their struggles to heat their homes, feed their families and pay their mortgages. Since my election to this place in 2019, my brilliant team have dealt with people in desperate need throughout my constituency. With each fiscal event from this tired Tory Government, my constituents have been moved from getting by to struggling, or, even worse, from struggling to absolute poverty. Since I was elected, absolute child poverty in Newport West—the percentage of children living in households with incomes below 60% of the median income—has remained at about 15%. That is shocking, and nothing has changed. The UK rate is also 15%, so this is a British problem, and nothing in the Budget will make things better for working people.
The people who have all the power to help are sitting right over there on the Government Benches. The Chancellor, who seems to be feeling the pressure in his constituency, could have delivered a Budget that invested in this country. He could have taken meaningful action to mitigate the cost of living crisis, and he could have genuinely helped people. I know, we all know and, worst of all, the Conservatives know that they could have done far more to help ordinary people, but they made the political choice not to. One of my constituents who had had problems with obtaining the warm home discount wrote to me recently that
“people have to beg for help, and they get fed up with the long drawn out process. Many are not getting the help that is promised by the government.”
That is the real-life experience of people in my area, and I urge Ministers to wake up and take action.
This Budget confirms that the UK has the highest tax burden in 70 years, which will rise in every year of the forecast period. The Office for Budget Responsibility’s figures show that for every 10p extra that working people will pay in tax under the Tories’ plan, they will get back only 5p as a result of the combined national insurance cuts. That includes the OBR’s revised estimate for the impact of tax threshold freezes, which will raise £41.1 billion over the forecast period, creating 3.7 million new taxpayers by 2028-29.
Given everything that was not in the Budget, we should all be very afraid. We should think about the £46 billion-worth of unfunded tax cuts that have been promised by the Chancellor and the Prime Minister. This reckless attempt to save their own jobs, with no regard for anyone else’s, exposes the clear risk of having five more years under the Conservatives. They will gamble with the public finances, and working people will be forced to pay the price yet again. This Tory Government clearly have not learned anything since the former Prime Minister crashed the economy and sent mortgages spiralling, leaving a real impact on working-class and middle-income people.
I am proud to stand for my party, because we know that with my right hon. Friend the Member for Leeds West (Rachel Reeves) in charge of the Treasury, Labour will never play fast and loose with the nation’s finances. I have heard nothing from the Government that improves the lives of ordinary people in Newport West. If they cannot or, worse, will not take the action needed to get our country back on track, they should make way for a fresh start from Labour.
This was a bad Budget, with nothing for Newport West. After 14 long years, it is time for change, time for a fresh start, and time for us to change course and get our country back on track. Let the public decide. Call the general election now—it is time for change.
