Inequalities of Region and Place — House of Lords, 2021-10-14
Topic: Macroeconomics
Brinley Davies (Labour, Centre-left): My Lords, I join in the congratulations to my noble friend Lord Stansgate. I wrote that it was an "excellent" maiden speech in my prepared notes, but we should change that to "outstanding". It is such a pleasure to join him once again after our time working together on the late, lamented Inner London Education Authority. He will be a considerable asset to the House as someone who is clearly in command of his subject and who will stand up for science I also thank my noble friend Lord Liddle for initiating this important debate on a matter that is central to our country’s future. He has brought a necessary note of realism to this issue. I agree with his conclusions and one point I add, where I am sure he shares my concerns, is the need for greater involvement of trade unions in the process of renewal The approach of the Motion, in contrast to the bluster from the Prime Minister, is stark. The Prime Minister claims to have a policy—levelling up—but in truth all he has is a slogan in search of a policy. We all know this. I never thought I would say this, but I find support in that view from the Adam Smith Institute, the right-wing think tank. Commenting on the Prime Minister’s final speech at the Conservative Party conference, the Adam Smith Institute’s head of research, Matthew Lesh, said: "The Prime Minister’s rhetoric was bombastic but vacuous and economically illiterate." I also agreed with the Adam Smith Institute when it said that: "Levelling up so far consists of little more than listing regions and their local produce", and that the Prime Minister "throws out impressive-sounding economic terms like ‘Pareto improvements’ to hide the fact that he lacks policies to drive growth." I do not agree with all the institute’s comments, but it went on to say that the Prime Minister’s policy "was an agenda for levelling down to a centrally-planned, high-tax, low-productivity economy." We already have a low-productivity economy, and apart from the rhetoric there is nothing to suggest that the Government have got to grips with this issue. But when we come to the suggestion that the Prime Minister’s policies represent a move to a centrally planned, higher-tax economy, your Lordships might think that this is something I, as a socialist, might favour. Unfortunately not, at least not in the version presented to us by the Government. To the limited extent that there is a policy hiding behind a slogan, it consists of expecting water to run uphill—futile and ignorant Of course, as the Motion suggests, we need a coherent, cost-effective and long-term strategy. I have one note of caution, as mentioned by the right reverend Prelate the Bishop of Durham. Casting this as a regional issue runs the risk of ignoring the real problems we face in London. All human life is in London, from great wealth to extreme economic hardship. My noble friend Lord Campbell-Savours correctly mentioned the injustices of the rating system, but north Westminster encounters as great social problems as the north of England, and any policies instituted need to recognise that In conclusion, I end with another quote from the Adam Smith Institute: "Shortages and rising prices simply cannot be blustered away with rhetoric about migrants. It’s reprehensible and wrong to claim that migrants make us poorer. There is no evidence that immigration lowers living standards for native workers. This dogwhistle shows that this government doesn’t care about pursuing evidence-based policies." In no area of policy is that more stark than the vacuum that fills the space which purports to be levelling up.