Oral Answers to Questions
Debate between Trudy Harrison and Elizabeth Truss(6 years, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
The Chief Secretary to the Treasury (Elizabeth Truss)
People’s disposable income is now 4.6% higher in real terms than in 2010. That is because we have turned around the economy and held taxes down.
Trudy Harrison
According to recent figures from the Office for National Statistics, real household disposable income is £1,600 higher than in 2008, while the proportion of lower paid workers has fallen to its lowest level for 35 years due to the national living wage. Does my right hon. Friend think that those statistics would be as positive if we had taken the advice of the Labour party?
Elizabeth Truss
As my hon. Friend knows, the advice of the Labour party is that we need to “overthrow capitalism”. If we were to do that, there would be fewer businesses, fewer jobs, higher taxes and higher mortgage rates—and we would all be queuing for food, as people are in Venezuela.