Spring Statement

Debate between David Burton-Sampson and Rachel Reeves

Wednesday 26th March 2025 Commons Chamber

[Rachel Reeves]

The plans that we inherited from the previous Government saw the OECD forecast that the UK would have the slowest growth in the G7 this year. It is now forecasting us to have the second-highest growth. That is the difference that this Labour Government are making, moving us up the league tables.

[David Burton-Sampson (Southend West and Leigh) (Lab)]

I thank the Chancellor and her team for the prudent work that they are doing to restore stability to our economy. Figures show that wages are already increasing in my constituency under this Labour Government, and inflation is falling. Does my right hon. Friend agree that that, alongside the new living wage, worth £1,400 a year, will make work pay and start to lift more people out of poverty?

[Rachel Reeves]

I was pleased to be able to announce in the Budget last year a 6.7% increase in the national living wage, as well as a record increase in the youth rate of the minimum wage. That will help lift working people—working families—out of poverty. That comes alongside our Employment Rights Bill, which will ensure greater security for those who go out to work.