Spending Review 2025
Debate between Jacob Collier and Rachel Reeves(1 week, 1 day ago)
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Rachel Reeves
I thank my hon. Friend for that question. It is good to see the Minister in his place to hear it, too. It is really important that, as we invest in the social and affordable housing needed both in our capital city and in the whole country, we are investing in the right places. That housing must have the potential not only to provide the homes that people need, but to reduce that pressure on local authority and national budgets, which, so often, are picking up the costs of previous Governments who failed to invest in social and affordable homes.
Jacob Collier (Burton and Uttoxeter) (Lab)
I, too, warmly welcome the investment in the midlands rail hub, which will mean 150 extra trains a week through Burton, and the investment in Rolls-Royce, which will produce small modular reactors and nuclear subs that will benefit my constituency and local jobs. The Chancellor also announced a huge package around transport. She will know that I have been pushing for improvements on the A50/A500 and in the infrastructure around Branston bridge. Can she say more about when we can expect an announcement on the road investment strategy?
Rachel Reeves
It sounds like it is a pretty good day to be an MP in Burton. We are pleased to be able to make those investments in the midlands rail hub and in nuclear technology. There will also be additional housing investment that will go into Burton and other places across the country. The allocation has been made to the Department for Transport, and the Secretary of State will set out her plans in due course. We will also be setting out more detail in the 10-year national infrastructure plan next week.
Oral Answers to Questions
Debate between Jacob Collier and Rachel Reeves(6 months, 2 weeks ago)
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Rachel Reeves
No Chancellor of the Exchequer would write five years’ worth of Budget in their first five months in post, but I can say that we will never have to deliver a Budget like that again. We took decisions in this Budget in order to wipe the slate clean after the mismanagement, decline and chaos of the previous Government. That required us to make difficult decisions, but we were right to make them, so that we can get going with our plans to achieve growth and reform public services, and deliver the NHS and schools that our country desperately needs.
Jacob Collier (Burton and Uttoxeter) (Lab)
Oral Answers to Questions
Debate between Jacob Collier and Rachel Reeves(9 months, 2 weeks ago)
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Rachel Reeves
I recognise that for many people who work hard and save for retirement, that money is not enough. I believe that every penny saved in a pension should produce a decent return. Billions of pounds of investment could be unlocked in the UK economy and could work better for those saving for retirement, and we believe that the reforms we seek to introduce through the pensions review could increase their pension pots by £11,000. My right hon. Friend the Secretary of State for Work and Pensions is leading the review that I mentioned to ensure that pensioners receive a good deal in retirement, and that people who sacrifice and work hard to save for their retirement have a decent return on their investment.
Jacob Collier (Burton and Uttoxeter) (Lab)
Pubs are the lifeblood of our local communities. In my constituency, the home of British brewing, we are blessed with wonderful pubs—