Budget Resolutions

Anna Gelderd Excerpts

Thursday 27th November 2025 Commons Chamber

[Anna Gelderd (South East Cornwall) (Lab)]

This Budget sets out fair decisions that benefit communities across the country that have felt the strain of the last decade, and that expect to see the change that they voted for delivered, and the cost of living brought under control.

I am delighted that Cornwall’s potential has been recognised with the new £30 million Kernow industrial growth fund. This new fund demonstrates that Cornwall once again has a leading role to play in powering the UK economy. Mining is at the heart of our story in Cornwall. With the new support, we can begin the next chapter, in which critical minerals and other core industries will help us to unlock the next great industrial revolution, and greener, cheaper energy. The fund will support local businesses and workers. That investment is combined with the stability that will come through extended business rate retention, and sits alongside wider opportunities offered through the National Wealth Fund, the British Business Bank and Great British Energy. These choices support secure, year-round jobs, and this combination of investment, stability and real change for the majority of working people is reflected throughout the Budget

South East Cornwall will feel a benefit through local growth and to family finances. Families gain real support. Wages have risen faster in the first year of this Government than they did over the past decade. The reduction in energy bills and the freeze to prescription charges, fuel duty and rail fares will be welcomed by my residents in South East Cornwall. The changes to universal credit will bring thousands back into work, strengthening labour markets in places like Liskeard, Torpoint and Callington.

One of the most significant steps is the decision to scrap the two-child benefit limit. Shockingly, child poverty rose by 900,000 between 2010 and 2024. I say “shockingly”, but I am not sure if that truly shocks the Conservatives, who presided over that decline. I know what child poverty looks like. I know how it locks people out of opportunities through no fault of their own, and I know how hard schools, campaigners, charities and other support systems work to try to bridge the gap, but some gaps require systemic change. This Budget will lift 450,000 children out of poverty. That is what systemic change under this Labour Government looks like.

In South East Cornwall, relative child poverty stood at 21.7% in 2023, meaning that almost a quarter of our local children entered school already facing hardship. Growing up in poverty makes people less likely to be in work, and more likely to earn 25% less, aged 30, so that is not good for kids or for the adults they become, and it is not good for our economy. This Budget reduces pressure and gives families a more secure start.

For too long, local healthcare has been a challenge for residents in South East Cornwall, so I am pleased that Labour is backing our NHS with extra support. Investment in healthcare technology and the creation of 250 neighbourhood health centres will cut waiting lists and improve access. The NHS neighbourhood rebuild opens up more than 120 new centres by 2030, and there will be improvements at Truro health park. That is backed by real investment; these are not fantasy priorities. Residents in South East Cornwall rely on services in both Cornwall and Plymouth, and these upgrades will bring benefits right across my region.

Young people get new opportunities as well. Investment in school libraries and new playgrounds will improve learning and wellbeing, and there will be an £820 million investment to support young people by guaranteeing them a place in college, an apprenticeship or personalised job support. The free apprenticeship training for under 25s in small businesses will help local employers across South East Cornwall. That is 1,854 small and medium-sized enterprises in my region that will be able to train and retain young people. This is a real chance to build a local, skilled workforce and to keep that talent at home in Cornwall.

Cornwall needs the tools to strengthen its visitor economy in a way that benefits our local people in the long term, so an overnight visitor levy could be an important step. We rely heavily on tourism, yet residents often feel the pressure of the summer peaks without seeing the long-term benefits, so the power to raise local revenue and reinvest in our community projects could create a fairer balance and support a more resilient local economy.

I also welcome the new announcement for farmers and their families. The ability for spouses to transfer any unused agricultural and business property relief allowances gives farming families more certainty as they plan for their future. South East Cornwall is a proud rural and coastal constituency, and I have been working with many local farmers to ensure that their views are heard in my discussions with Ministers. Fixing thresholds and closing loopholes strengthens confidence, but I know there is further work to do.

[Greg Smith]

While the spousal transfer is a very narrow measure that might give a couple of years or maybe a decade’s relief, at the end of the day farmers will still have to sell massive chunks of their farm to meet the inheritance tax bill. What will the hon. Lady say to her farmers when that point comes?

[Anna Gelderd]

I thank the hon. Member for allowing me more time to make my points. Farming is at the heart of my community—

[Greg Smith]

Answer the question! This is a debate.

[Anna Gelderd]

I know, and I am very glad to be debating with the hon. Member on this point. Farming is at the heart of my community, and I am working hard with Ministers to ensure that the new changes are reflected. As I have said, there is much more work to do.

I particularly welcome the clear recognition of Cornwall in this Budget. Alongside the Kernow industrial growth fund, the Government’s commitment to work with the Council of Europe to increase the UK’s formal recognition of the Cornish language under the European charter for regional or minority languages matters, because Kernewek remains at a lower level of protection compared with other Celtic languages. That is why I introduced my ten-minute rule Bill focused on Cornish language and heritage.

Opposition parties talk about leaving the European convention on human rights. Cornwall fought hard for our national minority status and the frameworks that protect our language and heritage, so I do not want to see them thrown away. I want to see a wider use of Kernewek in signage and place names, which I know will boost our local economy as visitors flock to see it.

This Budget moves us in the right direction. It does not complete the work, but it delivers a fair step towards repairing Britain and rebuilding the opportunities in places such as South East Cornwall. I will continue working, as I have done since being elected, to deliver real investment, strong public services and a local economy that works year-round.

[Several hon. Members rose—]