Spring Forecast

Debbie Abrahams Excerpts

Tuesday 3rd March 2026 Commons Chamber

[Rachel Reeves]

May I be the first to congratulate the right hon. Gentleman on his new role? I know that it was not the first job that he wanted, or indeed the second, but he makes a spirited intervention none the less. I am not sure whether he shared that one with George Osborne. I can offer one piece of advice: the thing about betraying your party is that you have to stop asking your old friends for advice. Perhaps, given that the right hon. Gentleman called his new colleague “Zia Useless” a couple of months ago, he needs all the friends he can get. It might have been a couple of weeks ago, but he used to be in a party that, just three months after losing office, was going to get rid of the fuel duty support. That was in the plans that we inherited, and we scrapped them. [Interruption.] Conservatives Members say that is rubbish, but it was in their last Budget. Indeed, it was in the right hon. Gentleman’s Budget and manifesto.

[Debbie Abrahams (Oldham East and Saddleworth) (Lab)]

I welcome my right hon. Friend’s statement, and I absolutely agree that this year the British public will start to feel the difference that it makes to have a Labour Government. Will she expand on what she is doing to ensure that all dimensions of inequality—inequality of income, wealth, power and health—are tackled, and that the benefits are felt in all communities across the country?

[Rachel Reeves]

The OBR confirmed today that, by the end of this Parliament, people will be £1,000 a year better off. That is compared with the fall in living standards under the previous Government. My hon. Friend’s constituency benefits from Pride in Place funding, through which we are investing in the places that were forgotten about and left behind during 14 years of Conservative government.