Budget Resolutions — House of Commons, 2021-11-02
Topic: Macroeconomics
Olivia Frances Blake Dagnall (Labour, Centre-left): It is a pleasure to follow the hon. Member for North Herefordshire (Bill Wiggin). I think that must have been a record for the number of times cider has been mentioned in a Budget speech In November 2010, I was outside this place in Parliament Square. Alongside tens of thousands of students, I was marching in protest against the coalition Government’s decision to raise the cap on tuition fees to £9,000 a year. Our march on that day was the first of many demonstrations, rallies, and direct actions to protest about first the coalition’s and subsequently the Conservative Government’s austerity agenda. That agenda set fire to our public services, and led to stagnating wages and an explosion of low pay, zero-hours jobs. It is the reason we were so poorly placed to weather the economic storm unleashed by the pandemic, and it is why the UK suffered the deepest recession in Europe However, I am also talking about 2010 because I think that the Chancellor and I may share a love of 1980s movies. When the Chancellor spoke about public services in his Budget last week, I felt like Marty McFly in the film "Back to the Future". On health, the Chancellor told us that "the health capital budget will be the largest since 2010" On housing, he told us that we would see "the largest cash investment in a decade" On education, he told us that he would "restore per-pupil funding to 2010 levels". —[Official Report, 27 October 2021; Vol. 702, c. 277-78.] However, the issue is not only public services but wages too. The Institute for Fiscal Studies tells us that in real terms, wages will continue to stagnate at the same level as they were in 2008. The only difference between now and then is over a decade of Conservative Government and economic vandalism This is a "Back to the Future" Budget, but on some things we are not even going back to 2010. Take childcare: the Government have now realised that the first 1,001 days of a child’s life are the most important, but after shutting 1,000 Sure Start centres, they have announced funding for only 75 new family hubs. The same is true for youth services. The Chancellor told us that he would provide £560 million for youth services, but according to the YMCA, since 2010 when we began our protests against the coalition, youth services have been cut by £959 million —nearly £1 billion As in 2010, people are marching in the streets, but today it is not Parliament Square; it is Glasgow, and they are marching for action on the climate emergency. Rather than action, this Budget offered them tax breaks on domestic flights and the Government are giving them another coal mine in Cumbria and an oilfield in Shetland and financing gas in Mozambique. They are not building anything back better; in some cases, they are building back far worse. The Chancellor has fired up the DeLorean and taken us back to 2010, when what we need is an economy fit for the future. And no, I am not talking about hoverboards or flying cars This was a chance to meet the challenge of the climate emergency with a radical green new deal. It was a chance to offer a real deal on wages, rather than giving with one hand and taking away with the other. And it was a chance to reverse the crisis in our public services, to put more money into our schools and hospitals and to invest in our children. Looking at the Members on the Conservative Benches, I am reminded of the uncomprehending faces of the 1955 audience as they look up at Marty McFly playing Chuck Berry on the guitar. To them I can only quote Marty: "I guess you guys aren’t ready for that yet. But your kids are gonna love it."