The Economy and Living Standards

Stephen Doughty Excerpts

Thursday 12th June 2014 Commons Chamber

[Chris Leslie]

That is why we want to see the full detail of the advice and guidance that need to be put in place. The Government do not like hearing it, but these are the questions that have to be answered. Those answers were not in the Queen’s Speech.

It was not a long-term economic plan that we got in the Queen’s Speech, but a set of short-term obsessions focused on political calculations. The Queen took less than 10 minutes to read out the speech that she was given, yet for most of our constituents it offers zero progress on their concerns. The parties in government think that all is fine with the economy—everything is going perfectly well—but how detached from reality can they get?

The Financial Secretary will no doubt speak shortly and she can quote all the economic data she likes, but I have to tell her that for many people this is an economy that is about low pay, zero hours and, for those who are struggling, food banks. She can quote GDP statistics in recent months, but we are seeing an economy where the very wealthiest 1% in society are doing particularly well and seeing their share of the cake grow while the rest of the population are seeing their share shrink further and further. The Government may be satisfied with this state of affairs, but the Opposition are not.

In the remaining 11 months before the general election, we should have a substantial and meaningful legislative programme which tackles some of these problems, rather than the set of headlines and press releases that have been strung together for effect.

[Stephen Doughty (Cardiff South and Penarth) (Lab/Co-op)]

Will my hon. Friend give way?

[Chris Leslie]

No. I have only a few more minutes.

I wanted also to focus on the Infrastructure Bill that the Chancellor has brought forward—the so-called Infrastructure Bill. Third time lucky. The last two infrastructure Bills certainly did not do the trick, nor did the 11 infrastructure plans and strategies that the Government have published since the last general election, or the 79 press releases that we have had on infrastructure since then. We know that this Chancellor is obsessed with presentation, not with getting diggers in the ground.

Let us look at the problems that this country is facing. There are 5 million people on low pay in our country today, yet there is nothing in the Queen’s Speech to incentivise the living wage, which would make a real difference. Bank lending to small businesses that need real help is falling, but banking reform has been inadequate and is not the action that we need. There is a cost of living crisis, with prices yet again exceeding wages, according to the latest economic data. Yet no action has been taken on the big six energy companies, which continue to fail to pass on to their customers even reductions in wholesale energy prices.

The state of affairs in housing is one in which demand goes higher and higher, but house building is at its lowest since the 1920s. I must say to the Chancellor that if he thinks that a new town in Ebbsfleet adds up to a housing strategy, he is sorely mistaken. Yes, we have Help to Buy, but we need “Help to Build” alongside it if we are to tackle that particular problem. Tenants in insecure accommodation are being ripped off by letting agents.

On child poverty, it is predicted that 3.5 million children will be in poverty over the next few years, which is five times the Government’s original estimate, but that does not even get a reference in the Queen’s Speech. As my hon. Friend the Member for Oldham East and Saddleworth (Debbie Abrahams) pointed out, 20 million meals have been served in food banks in the past year, which is a badge of shame for the Government, but there is no reference to that in the Queen’s Speech. The national health service is, of course, under more strain than ever before, but there was not a single word about it in the Queen’s Speech.

With all those problems, what have the Government been doing for the past week? They have been feuding among themselves, with Cabinet Ministers briefing against one another and not just two parties in coalition but at least four factions vying for political control. Somebody somewhere has got to get a grip and to show some real leadership and good government, rather than allowing this appalling state of affairs and factionalisation to continue.

I must tell Government Members that, day by day, we are seeing a coalition that is less a coalition than a conspiracy for inaction. [Interruption.] I will give way to the Chancellor if he wants to talk about food banks, child poverty or housing strategy. They are not interested in those matters, however, because the Queen’s Speech is an artifice—it is all about presentation and the spin that they want to put on these issues.

Where is the Government’s ambition and sense of urgency about the problems in the country today? The legislative torpor in the Queen’s Speech is absolutely appalling. They have turned the House of Commons into the most expensive waiting room in history. In this Queen’s Speech, they are treading water for another year. We know that their legacy will be the slowest economic recovery for 100 years. This will not do, and our constituents will not stand for it. The fact that we have to wait a further year for the general election is a tragedy for the millions of people who need real help now. The Government are squandering the chance for change in this country and, with it, the potential that our country should have, which is why Opposition Members believe that Britain deserves much better than this.