Budget Resolutions and Economic Situation — House of Commons, 2015-07-08
Topic: Macroeconomics
Maria Frances Lewis Miller (Conservative, Centre-right): It is a great pleasure to follow the hon. Member for Islington North (Jeremy Corbyn). Perhaps that was one of the many leadership speeches that he is going to make in the next few weeks. He spoke powerfully about the importance of young people. If the young people of this country had the opportunity to speak to the young people of Greece and of Spain, they would be very reassured that we have in this country a Government who take seriously the level of debt that we hand on to the next generation It is a great pleasure to speak in this part of the debate, having heard such brilliant maiden speeches from my hon. Friend the Member for Louth and Horncastle (Victoria Atkins) and from the hon. Member for Coatbridge, Chryston and Bellshill (Philip Boswell). Both were accomplished speakers who, I am sure, will make a tremendous contribution to the House in the coming years We cannot overestimate the importance of this Budget speech. It represents a new settlement for Britain. It is about a country living within its means, moving from a culture of welfare dependency that was propagated too much under the last Labour Government to what I felt many people were speaking about at the last general election—an aspiration nation, with a Government who do not give with one hand to take back with the other, but who believe in the prosperity of this country for the long term Many families who I talk to in my constituency, Basingstoke, see that now there are more jobs on offer. We hear in the Budget today that when somebody works hard they can keep more of that money for themselves and their family, because of the increases in the tax thresholds, and that it is not just a dream for people to have a home of their own, because Right to Buy, which will potentially support up to 13,000 people in my constituency, and Help to Buy are practical ways of helping families get the start in life and the security that they want for the long term This Budget is built on authentic Conservative principles: lower taxation and making sure that people can get the sort of wages that they can live on. A new national living wage is a great example of that. Because we have a stronger economy, we have seen stronger support for and investment in the NHS and education. I want to pick up one of the smaller elements of the Budget today—the expansion of the number of cadet units in state schools to 500 by 2020. I am fortunate in my constituency to be able to pay tribute to the Vyne school, which is a trailblazer in this area, being one of the very few state schools that already have a cadet unit in place. I know how much that means to the young people who are able to take part in the unit, and I am sure this extra investment and support will spread that good practice elsewhere. I am sure many of my constituents will be reassured to hear the Chancellor’s commitment to the 2% pledge in respect of defence budgets There was much talk today about welfare reforms. There will be some reassurance after some of the headlines that we read in the newspapers over the weekend. I think particularly of assurances that disability benefits will not be means-tested. It is important that we make sure that disabled people receive the support they need, and I was reassured by the comments of my right hon. Friend the Chancellor earlier This Budget sets out a clear objective for our nation: that we want to be the most prosperous major economy; that we have sustainable welfare plans in place to make that work for the entire nation; and that we tackle and boost productivity. That will resonate in my constituency, which is one of the top 10 centres of employment in the south-east. We have one of the best local enterprise partnerships in the country, and businesses in my constituency will welcome the cut in corporation tax, the increase in employment allowances and the setting of the annual investment allowance at a new permanent level. All these things will help create certainty, because we need more jobs not just in the south-east but throughout the country. If we are to see that productivity boost, it is vital that we have the right conditions for helping businesses to grow I was interested to read in the Red Book a little more detail about the transport proposals that the Chancellor outlined today. I know that the Government are committed to spending around £56 billion on transport in this Parliament. The creation of a new road fund and a new investment strategy for roads is vital for constituencies such as mine, as we have endured massive underinvestment, despite the very high house building targets set by the previous Labour Government. Funding the new road fund through the changes in excise duty that the Chancellor outlined will help to ensure that we have a sustainable way of investing in that vital infrastructure for the future I note that my hon. Friend the Exchequer Secretary, whose constituency neighbours mine, is sitting on the Front Bench. He and I have had conversations about the importance of trains in our transport strategy. I was delighted to hear earlier this week that the refranchising of the south western routes will be brought forward to 2017. That is an important part of improving the trains offer to my constituents. I hope that my hon. Friend will also be mindful of the need to continue to invest in the hardware, particularly the investment that Network Rail needs to increase the capacity on the Wessex line, which runs through my constituency, by 60% over the next two decades. That will require considerable investment, either by the Government or by other means. It is important investment that needs to happen The Chancellor set out an exciting new opportunity to increase skills in our country through the apprenticeship levy on large firms, which will provide the opportunity to upskill even more of our young people. I know how important this Government’s commitment to apprenticeships has been for young people in my constituency, and also for older employees. With many employees going through a number of career changes, the ability to upskill or reskill through an apprenticeship is not appropriate only for young people. I once again in the House applaud the work of Basingstoke College of Technology, which will now offer graduate-level apprenticeships as a result of some very innovative work with local businesses The Chancellor talks eloquently about the northern powerhouse, but I always want to remind him gently about the southern engine room. Having been born and bred in the midlands, I am glad that a significant part of the Red Book is devoted to the importance of growing the midlands, but we must ensure that the south-east remains competitive. Part of that is by investing in infrastructure of the sort I have been talking about—trains and roads—and, I hope, through continued interest in the importance of city deals for southern towns and cities. There is a great deal of talk in my county about the importance of devolution to the shire counties. Hampshire County Council, which is one of the best run county councils in the country—[Hon. Members: "Hear, hear."] A number of hon. Members clearly support that. I know that the county council would be very interested in talking about the devolution of further powers so that we can maximise efficiency in the south-east engine room, which is so important to the future of our country I will close by focusing on one final point: the importance of maximising the contribution of all members of society and all people in this country, particularly women. Many women listening to this debate will applaud the increase in the threshold for the personal allowance and the national living wage. They will welcome the 30 hours of free childcare for parents with young children. They will welcome the work that this Government have already done to modernise the workplace. They will note that the gender pay gap for the under-35s has all but disappeared for people in full-time work.