Finance (No. 2) Bill Debate

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Department: HM Treasury
Mike Amesbury Portrait Mike Amesbury (Weaver Vale) (Lab)
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Today I will vote against this Bill’s Second Reading, and I will focus on three reasons why.

Reason No. 1 is that I genuinely believe that our NHS and key workers deserve a decent pay rise, not just platitudes—the clapping of hands every Thursday some time ago, the selfies and the video clips. A vote for this Bill today is a vote to cut, in real terms, the salaries of those heroes, our key workers.

Reason No. 2 is that the regressive council tax bombshell of 5% imposed by the Chancellor on councils up and down this land is classed as spending power in his Budget—a Budget of smoke and mirrors—while ushering in a new era of austerity, with billions of pounds taken from the public sector providing vital services for the most vulnerable and the most needy, whether children or adults, in our society.

Reason No. 3 is that I and others are making a stand for the millions excluded from financial help and business support, whether freelancers in the Northwich part of my constituency or care workers from Frodsham who deserve a fair level of sick pay when they have to self-isolate in this covid pandemic.

My constituents may not have a direct line to the Chancellor, Ministers or leading civil servants, and they certainly do not have share options worth millions of pounds. However, 305 of my constituents in the Daresbury area of Weaver Vale have just lost their jobs—former employees of Greensill. That is the bulk of the UK employees; they are 305 of the 400 or so who have lost their jobs in the UK. Of course, there are thousands in associated industries, whether that is at Liberty Steel or further afield. They are victims of an unregulated shadow banking crisis and the new episode of Tory sleaze.

I want to see a Chancellor who pushes his team not to support his old boss, the former Prime Minister, but to give our key workers a decent pay rise and fully fund our councils, as promised, to help the many who have been excluded from business and personal support. That is how we build forward fairer for all. It is certainly not through supporting this Bill, which I and those on the Opposition Benches will oppose.