Budget Resolutions

Ruth Cadbury Excerpts

Thursday 29th October 2026 Commons Chamber

[Ruth Cadbury (Brentford and Isleworth) (Lab)]

This Budget gives my constituents and people up and down the country much-needed breathing space and fresh hope for our long-term future. It tackles the big issues facing our country, from the cost of living pressures facing all our constituents to the need to bring growth back to our economy. The Chancellor was honest about the impact that the war in Iran has had on our economy, energy prices and supply chains. I remind the House that we Labour Members opposed that war, but the Conservatives supported it.

I will address the impacts of the Budget, first on my constituency, and then from my perspective as Transport Committee Chair. I am pleased that the Budget delivers for house building, and will mean more council and social housing, as too many families in Hounslow, Brentford and Isleworth live in temporary housing. There is also the new Your First Home scheme, which will support many who are earning, but do not have a deposit to get on the housing ladder. The Treasury listened, and raised the sale price cap for the scheme in London. I am grateful.

Over the past year, I have met businesses across my constituency, from restaurants such as Sam’s Waterside and coffee shops such as Ballucci in Isleworth and Hounslow to small specialist manufacturers Ormiston Wire and Newmont Engineering. Their common message has been that costs, particularly energy and business rates, are too high. I am therefore pleased that the Chancellor has committed to taking more businesses out of paying business rates—900 each in the Hounslow and Richmond boroughs—and frozen business rates for many more.

I know that to support businesses, we need to get more money into people’s pockets. Increasing the national living wage and the minimum wage, addressing energy bills, keeping commitments on tax and introducing the new pension tax allowance, among many other measures in the Budget, are all much welcomed by my constituents. I also welcome London now having the fiscal devolution that our city has long deserved, bringing it more into line with other world cities. It allows the mayor to kick-start projects across the capital, one of which is the West London Orbital, a much-needed rail line linking Hounslow to Hendon via Old Oak Common, opening up development and employment opportunities across a swathe of west to north London.

As Chair of the Transport Committee, I will mention several transport-related elements in the Budget that I welcome: the Government’s work to bring international rail services to Stratford, which will increase rail connectivity and choice; the work to address the costs for electric vehicle drivers using public charging points; and the decisions on fuel duty, which not only benefit car drivers but save a light goods vehicle driver £472 on average, and the average heavy goods vehicle driver nearly £4,000 per year. Given the impact that fuel prices are having on the critical logistics sector, we all end up benefiting from those changes.

Rail infrastructure costs far more to build per kilometre in the UK than in any equivalent economy; I refer to my Committee’s February ’26 report, “Rail investment pipelines: ending boom and bust”. I welcome the announcement of the review of rail infrastructure costs, and the publication of the more extensive infrastructure pipeline. The review’s terms of reference responded to many of the issues discussed in our inquiry, including investment certainty, with clarity about at what point costs are fully understood and when funding will be committed. That drives efficiency, safeguards workforces and enables skills planning. Investment certainty is certainly needed if we are to allay the concerns of the rail supply chain and its investors.

Although the Government review is restricted to rail, its scope is otherwise very similar to the scope of the Competition and Markets Authority’s review of road and rail procurement, so I want to know from the Government how the two will relate to each other. Strangely, in their response to our report, the Government denied that there was such a thing as boom and bust in investment; I hope that the review will be more open-minded on that front.

I am glad that the Chancellor has heard the pleas of the owners of airports and private rail infrastructure, such as St Pancras and High Speed 1, who are concerned about the exceptional and unpredictable rateable value increases. I hope that a rational and predictable system can replace the current mess, which is holding back long-term investment in our rail and aviation infrastructure.

I welcome the work that the Treasury is doing to enable the Prime Minister’s drive for devolution and partnership with local leaders. Northern Powerhouse Rail and a whole host of local transport projects will deliver local growth across Britain. Finally, the Chancellor is also backing British bus manufacturers, with a new look at bus procurement, which is very welcome indeed. I conclude by thanking the Chancellor for tackling the big issues that face our economy, and for a Budget that delivers both for constituents and for the whole economy.