Date: 2023-04-25
David Johnston: The cost of living is the No. 1 issue that comes up on doorsteps. That is why it is so important the Government are working on their plan to reduce inflation by at least half, and it looks as though it is going to come down by a lot more than that. Today is a good day to have this debate, because it is the day that 8 million people--actually, more than 8 million people--will get the first instalment of the PS900 cost of living payment, including nearly 9,000 people in my constituency. There is a lot in this motion, from economic growth to wages, taxes and energy. I will try to skip through as many of those as I can, beginning with economic growth. In every year since 2010 until we hit the pandemic, the economy grew. It grew by 19.2% during that period, with the third highest growth in the G7. We saw during that period, until the pandemic, fantastic employment figures as well. When Labour left office in 2010, unemployment was 8%, and it is now less than 4%. We saw the equivalent of 1,000 people being added to the workforce every single day in that period up to 2019. On youth unemployment, which is of particular interest to me, Labour left office with it at over 20% and it is now also at a historical low. On wages, the national living wage since 2016 has seen an average of PS5,000 go into people's annual wages. The Labour party does not want to talk about pensions in this motion, which is okay, but I will just note that this Government's triple lock policy has added PS2,300 to the value of the state pension, and we must not forget the important role that plays for pensioners with the cost of living. On taxes, I welcome Labour to the cause of being concerned about taxes being too high. It is not their record in government, but better late than never. We have doubled the personal allowance to more than PS12,500 on which people pay no tax whatsoever. This motion says that Labour wants to freeze council tax. I doubt its local authorities would be supportive of that. However, leaving that to one side, there is this awkward fact that in the 13 years of this Government so far council tax has gone up by 36%, but in the 13 years of the Labour Government it went up by 110%. It is easy to be in favour of council tax and everything else being lower when a party is not in power, but it is slightly harder when it has to make such decisions. Turning to energy prices, through the combination of the rebate and the energy price guarantee, families have been saved PS1,500 on their energy bills since October. This is a huge investment by a Government to help keep down the cost of living, paid for by a windfall tax that the Labour party says it wants to extend. It is already  going until 2028, so we have taken the action that Labour is just talking about all the time, pretending that we have not done so already. The Prime Minister wants the country to take maths more seriously, and I think he is right. Maths is important for people in the labour market. I have never asked him, but I have a feeling that maths is always in his mind, because when he sits on the Front Bench, he looks across at a sea of Labour MPs who do not take maths seriously at all. Every week we are told that if we end non-dom status, put VAT on private school fees and use the windfall tax, we can pay for whatever our hearts desire--childcare, council tax, freezing energy bills, free breakfast clubs, whatever we like. That is totally unserious. There is no greater example of the anti-maths mindset than the Labour party, and as usual its sums do not add up.