Income Tax (Charge)

Debate between Tim Roca and Luke Taylor

Tuesday 5th November 2024 Commons Chamber

[Tim Roca (Macclesfield) (Lab)]

The first Labour Budget in 14 years needs us to take a clear-eyed view of what has been inherited. Looking at the Conservative legacy for our country, we see: terrible, almost non-existent, average earnings growth; lower productivity per worker hour than in every G7 country besides Italy; GDP per capita growth stalling for the longest time since the end of the war; record debt; high taxes; and poor public services. The lack of growth in real wages is unprecedented in the last 200 years of British economic history. That is the Conservatives’ record, and that is what they have to face up to.

Particularly savage, as hon. Members have pointed out, were the cuts to public investment. The Conservative Government inherited a debt-to-GDP ratio in 2010 of 65%. Ten years later, pre-covid, it was 83%. The Conservative Government promised to eliminate the deficit in 2010; then they promised to eliminate it in the 2015 and 2017 elections; and then they gave up the ghost entirely in the 2019 election. After that dazzling record, we were treated to the Liz Truss magic—Liz, a prophet currently not recognised in her own land. She presented a mini-Budget with £45 billion of unfunded tax cuts. There were no forecasts—the Conservatives like the Office for Budget Responsibility today, but they did not like OBR then—and we know what happened. We saw Tory chaos, and we can never go back to that.

When my right hon. Friend came to office as Chancellor of the Exchequer and looked under the hood, what did she find? More chaos: unfunded policy decisions; undisclosed pressures; and overspends. The OBR listed them. The previous Government promised but did not allocate a penny for the £10 billion infected blood compensation scheme. They promised but did not budget for the £2 billion Horizon Post Office scandal. I am glad to see stability and common sense finally return. There are fiscal rules that make sense and will be adhered to; we are bringing the current budget into balance, so that we do not borrow to fund day-to-day spending; and we are moving to a proper recognition of net financial debt that takes into account investment that delivers. Those sound, sensible decisions put us on a sustainable path. Compare that to a Conservative party that would rather we continued

“to founder under old habits, rotting institutions,”

and that is content for Britain’s hull to be “encrusted with nostalgia”, and for us to drift off into the 21st century.

[Luke Taylor (Sutton and Cheam) (LD)]

Will the hon. Gentleman give way?

[Tim Roca]

I will not; I have only 25 seconds left. That is the story of national decline that the Conservative party was writing for our country. We will not stand for it. We are going to build a better, greener, fairer future for our country.

House of Lords (Hereditary Peers) Bill

Debate between Tim Roca and Luke Taylor

2nd reading
Tuesday 15th October 2024 Commons Chamber

[Luke Taylor (Sutton and Cheam) (LD)]

I thank the Paymaster General for introducing the Bill, which I will heartily support later tonight. The point is worth making that this is not a personal attack on the hereditary peers, nor is it political, and the make-up of the hereditary peers is irrelevant. This is about the principle of having accountability in our decision makers.

The Liberal Democrat constitution begins by stating that

“no-one shall be enslaved by poverty, ignorance or conformity.”

It is a humanitarian position to unencumber the hereditary peers from being disqualified from voting or standing in our elections. We have heard some incredibly powerful maiden speeches today, and I am honoured to follow the hon. Members for Glasgow North East (Maureen Burke), for Knowsley (Anneliese Midgley), for Filton and Bradley Stoke (Claire Hazelgrove) and for Mid and South Pembrokeshire (Henry Tufnell), as well as my hon. Friend the Member for North Norfolk (Steff Aquarone), who will, I am sure, be an incredible champion for his constituents.

I feel it is a humanitarian position to give the hereditary peers the ability to engage in the electioneering, the door-knocking and the campaigning that builds us as parliamentarians, understanding the views of people on the doorstep and giving us a more representative view of the people we represent, something that is currently denied to them. I feel that it is my responsibility to provide that pleasure to them.

It is refreshing to have heard the ambitions for reform from Conservative Members. I agree with the general principle that it is important that reform is broadly cross-party, and I look forward to working with them in the future to provide more transformative reform.

[Tim Roca]

Does the hon. Gentleman understand why some people might have some cynicism about the appetite for reform among Conservatives, when some Members talk about wanting a big package and others defend the hereditary principle in 2024?

[Luke Taylor]

While I heartily endorse the desire for a big package, I share the hon. Gentleman’s cynicism about the appetite for reform among Conservative Members. I also note the desire from the Conservatives not to lose the skills of those hereditary peers who contribute to our lawmaking. I made the point almost three hours ago that I see the opportunity for those peers to take some of the places soon to be vacated by Conservative Members who need to step down because they cannot maintain their lifestyles. That may be one avenue for hereditary peers to continue to contribute.

The primary aim of my speech is to urge the Government to go further, and I echo the points made by my hon. Friend the Member for Richmond Park (Sarah Olney) at the beginning of the debate on the need to improve Parliament. Again, some claim that they do not hear this on the doorstep, but perhaps they need to listen to their voters more closely. When I knock on doors, the disenfranchisement, the disappointment and fury with the behaviour of the previous Government and politics in general, echoes. The Bill is a step in the right direction to improve accountability and restore some of the respect that was trashed by the previous Conservative Government.