"Over my years here, I have seen many Budgets. Members on the Government Benches wave their Order Papers on the day, then watch as the Budget unravels over the next 48 hours, but we do not seem to have had any of that with this Budget. It has been extraordinarily …..." Clive Efford - View Speech
"What consideration have the Government given to taxation of those who benefited during covid? The National Audit Office states that the Government invested £368 billion in the economy through furlough and various other pieces of support, but the people who received that money passed it on. Far from trickling down, …..." Clive Efford - View Speech
"I absolutely agree with everything that the Minister just said, but the truth is that the money paid to people in furlough and to small businesses was passed on. That money was used to repay loans, to pay rent and to pay the lease. People have paid their mortgages. The …..." Clive Efford - View Speech
"Any Government would have given the support that the Government gave at that time, so I accept everything that the Minister said about that, but where is the money now? There has been £368 billion paid into the economy. Who has it now? Who benefited from it? Should we not …..." Clive Efford - View Speech
"I was struck by a quote I read a while back of the head of the Institute for Public Policy Research centre for economic justice, as it sums up the problem we face as a country:
“There is a massive structural flaw in the economy that whatever the economic shock …..." Clive Efford - View Speech
"My hon. Friend’s intervention speaks for itself and I absolutely agree; that is an example of where this Government go wrong by treating the wealthy differently from others.
During covid, the number of millionaires and billionaires grew; we have the highest number of billionaires ever in The Times rich list …..." Clive Efford - View Speech
"The Chancellor is taking plaudits for having calmed the markets, but he has not resolved the problem—he has just stopped it getting worse. Gilts will still cost more so borrowing will still cost more for the Government in perpetuity, which will have an impact on people’s mortgage rates. Does he …..." Clive Efford - View Speech
"The income of the wealthiest has actually gone up over the last 12 years; so how come the Chancellor’s economic miracle has not been working for the last 12 years? Where does his mandate for this new era come from? It is worth our reminding ourselves that two thirds of …..." Clive Efford - View Speech