Government's Management of the Economy
Debate between Suzanne Webb and Nigel Evans(3 years, 9 months ago)
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Suzanne Webb (Stourbridge) (Con) [V]
The charge today is that the concerted economic failure of the past decade has “weakened the foundations” of our economy, leading to the country
“suffering the worst economic crisis of any major economy”.
The simple truth—I talk as someone who walks the steps of an ordinary person—is that, under successive Conservative Governments, we have seen nine consecutive years of economic growth. We have seen tax cuts for families, tax cuts for businesses, a reduction in inequality and a record low proportion of low-paying jobs. We have been helping people to keep more of what they earn and driving up median household income. The conclusive evidence for all of that is that we have seen record numbers of people in work—an additional 3.4 million up until 2019. Thanks to the decisions taken by Conservative Governments over the last 10 years, we have been able to withstand the blow that this pandemic has inflicted on our economy.
We have seen an unprecedented set of economic measures and financial support at a time of national crisis. We have delivered one of the most comprehensive economic responses in the world to support jobs, businesses and livelihoods during this time. This is a Government who have not been blown off course by the pandemic—who have helped those most in need at a time of crisis, while paving the way for an even more prosperous future. This is a Government who are focused on building back better and levelling up, and who have a key eye on jobs, focusing on reskilling and retraining at a scale and pace probably only seen following the second world war, ensuring people can get the education and training they need to get great jobs—creating that firm and solid link and pipeline of opportunity for those seeking work—with a keen eye on trade and all that it can do to boost our productivity and improve our international competitiveness, and, of course, not forgetting their ambitious investment in research and innovation.
It makes no sense to talk of 10 years ago, but if we want to, let us talk about the fact that every Labour Government have left unemployment higher than when they started. By 2019, we cut unemployment to the lowest level since 1974. It is thanks to the Conservatives that we reduced the deficit by more than 80%. When we handed over the deficit to Labour, it was £13.1 billion. Under Labour, it did not triple or quadruple—it went up more than 10 times, to £153 billion, by 2009.
It is thanks to the sound financial management of this Government that we could afford the unprecedented support we have put in place to protect people’s livelihoods. That is why we can build back better out of this pandemic on solid foundations. We can see that already with the speed and pace of the vaccine roll-out—a vaccine that is accessible due to the incredible foresight in the procurement by this Government. We probably have one of the first robust and defined road maps out of this pandemic because of this—
Additional Covid-19 Restrictions: Fair Economic Support
Debate between Suzanne Webb and Nigel Evans(4 years, 1 month ago)
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Suzanne Webb (Stourbridge) (Con)
We are having this debate due to the drawn-out actions of others. The Government’s offer to support businesses in Manchester is generous and, importantly, proportionate to the support already given to Liverpool and Lancashire. I am bitterly disappointed that, after long, drawn-out negotiations, the offer of support was rejected. As the Prime Minister said yesterday, we have a better chance of defeating the virus if we work together. Compare that to what is happening in the west midlands. I am thankful we have Andy Street as the Mayor of the west midlands, who has already said that he will not accept a public and drawn-out negotiation with the Government. He will not put lives at risk.
Our Mayor’s aim is to agree measures alongside other local leaders on a cross-party basis well in advance of any move to a higher tier, so that we can protect businesses and livelihoods without delay. That is real leadership in the face of the biggest public health crisis we have faced in a generation. When the NHS is at risk, that is when we are at the moment of greatest danger. Those who are not willing to act collectively at the time of our country’s greatest need put the NHS and people’s lives at risk.
Mr Deputy Speaker
I apologise to the 38 Members who were not able to be called because of the constraints of time and the large number of Members who wished to participate. I call Anneliese Dodds.
The Economy
Debate between Suzanne Webb and Nigel Evans(4 years, 5 months ago)
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Suzanne Webb (Stourbridge) (Con)
I will keep this short and sweet, Mr Deputy Speaker, as time is precious and you do not need me to reiterate what we know is a bold and decisive plan—a plan for jobs; a plan with people and their livelihoods at its heart.
The Chancellor has yet again acted with a keen eye to preserving employment and our fiscal and economic capacity. As we recover from covid-19, the No. 1 priority of the Government has always been to protect jobs. Just as the virus scythed through society and did not articulate who it was going for, any economic impact will cut deep swathes. It will not discriminate; it will cut across us all. What we must remember is that this time it is not an endogenous shock triggered by huge imbalances; it is not man-made, as it has been in the past by Labour Governments. This is a slowdown necessitated by covid-19 and we have seen decisive action by this Government, who for the last few months have given us stabilisers to protect our livelihoods and who now recognise that we need to get the economy back into a higher gear.
My No. 1 priority as the MP for Stourbridge has always been to protect jobs. As a youth in the early ’80s, I saw the impact of unemployment on young people. That, combined with my strong belief in the nobility of work, means that I am over the moon about the Chancellor’s kick-start scheme, which will give 16 to 24-year-old youths the best possible chance.
I make an unabashed plug to get nail bars and beauty salons open. They are often run by people who have been on traineeships themselves and who now run their own businesses, proving that traineeships work—they are capitalists at their finest and of the future. Please, let us get them open.
This Government are giving us the tools to enable, facilitate and empower us all. The virus is not of our making, but we must make the best of it. We must be transformational and dig deep in the spirit of entrepreneurism. If you cannot sell it, online is your new high street and your new export opportunity. This is about being entrepreneurial, about foraging for opportunities and of course about jobs, jobs, jobs. This has been at the heart of my recovery plan for Stourbridge. I also welcome the joint announcement today from Andy Street and the Department for Work and Pensions that youth hubs will be set up, helping to join up local employment and training services and to ensure that they are targeting young people. This builds on the already great work being done by our jobcentres across the west midlands.
The Government’s support throughout the crisis has been decisive, and it will be a major factor in how we will come out of this period It is clear from the actions that the Government have taken that they are not a Government who leave people behind. They are a Government who put people and their livelihoods at their very heart. However, this will depend on our shared responsibility to contain the virus and, of course, on whether a vaccine—