Cost of Living Increases Debate

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Department: HM Treasury

Cost of Living Increases

Kim Leadbeater Excerpts
Tuesday 25th April 2023

(1 year ago)

Commons Chamber
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Tulip Siddiq Portrait Tulip Siddiq
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My hon. Friend is always fighting for her constituents, and she is absolutely right. As someone who was on the shadow Education team before I came to this role, I know that if our young children are not fed or looked after properly, they will not fulfil their potential in this country. We should be looking at the future generations, and the Government are ignoring them.

The Government’s mishandling of the cost of living crisis is just another chapter in the long story of 13 years of economic failure. More than a decade of Conservative rule has seen our country fall behind as the British economy has experienced low growth, rock-bottom productivity rates and chronic under-investment.

Kim Leadbeater Portrait Kim Leadbeater (Batley and Spen) (Lab)
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My hon. Friend is making an important speech. I find it deeply offensive that Conservative Members are laughing at some of these statistics. That just shows how out of touch they are with the reality of life for so many people across this country. Does she agree that it is an absolute travesty in 2023 that we have families where children are having to share beds, sleep on the floor or sleep in the bathtub because people cannot afford to move house, to pay their rent and to pay for food for their families? That is not a laughing matter.

Tulip Siddiq Portrait Tulip Siddiq
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I thank my hon. Friend for her intervention. Having campaigned in her constituency, I know there are huge levels of poverty in certain places. Someone from the back said that we are lucky here because we are MPs and get paid a decent salary. We certainly should not be laughing at people who are struggling to make ends meet.

I remind the House that, when Labour was in government, real GDP growth averaged 2%. If growth had continued at the same rate under this Tory Government, we would have £40 billion more to spend on our public services, without having to raise a single tax. Instead, a lack of strategic policy making, economic uncertainty and the absence of an industrial strategy mean that the UK is going through the slowest economic recovery in the G7.