Zarah Sultana
Main Page: Zarah Sultana (Labour - Coventry South)Department Debates - View all Zarah Sultana's debates with the HM Treasury
(1 year, 7 months ago)
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Zarah Sultana (Coventry South) (Lab)
My constituents are terrified about rising bills. The word they use is “terror.” Energy bills will still be double what they were earlier this year. This is a crisis for the working class, but it is not a crisis for the Chancellor’s class. When they are already making record profits, this is a bankers’ Budget. It scraps the cap on bonuses, slashes tax for the top 1% of earners and cuts tax on the profits of big business.
Up and down the country, people are saying that enough is enough. Does the Chancellor really believe that bankers and millionaire CEOs, rather than working-class people, need the most help?
Kwasi Kwarteng
I would say two things: the reversal of the national insurance increase will mean £330 a year, on average, for 28 million people; and bringing forward the 1p basic rate cut puts £330 into the average person’s pocket. This is not a bankers’ Budget.