Income Tax (Charge) — House of Commons, 2021-10-28
Topic: Macroeconomics
Anna Rhiannon McMorrin (Labour, Centre-left): Despite the protestations of Government Members, this really was an alternative reality Budget, with a Chancellor living in a dream world, ignoring what is actually happening in our communities and our high streets across the country This Budget had nothing to fix the emptying of our supermarkets and the escalating cost of living. Cafés, bars and restaurants, including businesses in my constituency of Cardiff North, are still reeling from the pandemic and struggling to find the staff they need and to keep going. Nor did the Budget tackle the lack of rape prosecutions and the severe court delays, which are leaving victims high and dry and struggling to cope There was no action on escalating energy costs, whereas Labour has been clear that we would immediately remove VAT for six months, which would have an immediate impact. Data released yesterday confirmed that real wages fell in every part of the country between 2010 and 2021, by a startling £23 a week on average. The Budget did nothing to remove the enormous tax burden on working people and businesses. There was a £4 billion tax cut for banks, a £300 million tax cut in domestic air passenger duty and a £12 billion tax cut for large businesses such as Amazon. Those tax cuts do absolutely nothing to help working people who are struggling day to day In the week of COP, it beggars belief that the Chancellor thinks it is okay to come to this House and make domestic flights cheaper. Will he really be going to COP next week and telling world leaders in his speech that that is what he has done? What an embarrassment! They are a Government who talk the talk on climate action, but when it comes to it, they just do not deliver. Where were the announcements on tackling the huge energy efficiency crisis we are facing? We have rising energy costs, cold houses and homes, and people unable to afford the weekly shop, let alone Christmas. This Government are letting working families down. Labour has pledged £28 billion a year to climate investment right up until the end of the decade. Our Labour Chancellor would truly be a green Labour Chancellor, investing in the jobs and skills of the future This Tory Government have created a low-wage, low-skill and low-productivity economy, taxing working families, making millions of people pay for their mistakes and refusing to overturn the £20 cut to universal credit. Three quarters of people on universal credit are worse off from the Chancellor’s changes. With no plan for growth—just more of the same—it is working people up and down the country who are paying the price For Wales, there is no new investment for coal tip remediation and no significant additional funding to support rail infrastructure in Wales, even though the Welsh Labour Government highlighted those priorities again and again with this Government. It is clear this Budget does not deliver for the people of Wales. It does not deliver for anyone. There are clear gaps in funding and it takes hard-working people for granted This Budget showed yet again that this Government do not care about people up and down the country. There was only a passing mention of climate in the Chancellor’s speech. It is clear that the Government do not care about the future of this nation. In the week of COP, that tells us all we need to know. We must act now if we are to face up to the scale of the climate challenge. Not acting now not only risks the future of the planet, but is a major fiscal risk and a risk to our economy. I want to see a Budget that delivers, not only for working people, but for our children and our grandchildren.