James Wild
Main Page: James Wild (Conservative - North West Norfolk)Department Debates - View all James Wild's debates with the HM Treasury
(1 day, 12 hours ago)
Commons ChamberThe Chancellor said,
“National security always comes first”,
but she delayed the helicopter contract for our industrial base and we know that she is blocking the defence investment plan. Labour’s former Defence Secretary and secretary general of NATO, Lord Robertson, said,
“We cannot defend Britain with an ever-expanding welfare budget.”
He is right, so why is the Chancellor failing to grip the benefits bill and invest in our defence?
Those on the Opposition Front Bench have some cheek. The hon. Gentleman is sat next to the hon. Member for Central Devon (Sir Mel Stride), who oversaw the biggest increase in welfare spending on record, with a £33 billion increase in welfare spending in the last year of the Conservative Government. This Government are serious about getting people back into work, while increasing defence investment at the same time to 2.6% of GDP by next April—something the previous Government never managed.
Whereas the Conservatives froze fuel duty for 14 years, Labour is planning to increase it by 5p, costing families £150 a year and hauliers £2,000. When the Chancellor was asked to reverse her hike, she said she was
“loath to spend Government money”
to do so. There is no such thing as Government money; there is only taxpayers’ money. Rather than increase taxes again, will she actually help households and businesses facing higher prices and scrap this fuel hike?
Dan Tomlinson
We on the Labour Benches are fiscally responsible. We will make sure that we continue to get borrowing down in a sustainable way, as we did over the last financial year, when borrowing fell by £20 billion. Whenever the Conservatives have had the chance, they have borrowed more, which pushes up interest rates for families and means that we have to have higher taxes in the long run. That is not the approach that we will take. The plans that the Conservatives set out in their final Budget before they left office would have seen fuel duty increase every single year. Instead, we have frozen it since we took over.