Budget Resolutions

Ruth Jones Excerpts

Tuesday 2nd December 2025 Commons Chamber

[Ruth Jones (Newport West and Islwyn) (Lab)]

This Budget is a good Budget, and as a proud Welsh MP I am pleased to say that this Budget delivers for the people of Wales. It cuts the cost of living, invests in frontline public services and strengthens our plan for growth. Wales’s frontline public services will be the big beneficiaries of the Labour choices at the heart of the Budget. By asking those with the broadest shoulders to bear their fair share of tax, getting debt falling and restoring stability to the national finances, the Welsh Government will benefit from the largest financial settlement in the history of devolution.

While the Conservatives chose to impose real-term cuts on Wales, this Labour Government choose to invest in Wales. I greatly welcome the additional £505 million in funding for Welsh schools, hospitals and other public services delivered through the Budget. I also welcome reforms to the Welsh fiscal framework, as committed to in our manifesto, which will provide £425 million in additional spending power, with borrowing limits for capital projects increasing every year.

These are important steps to righting the historic wrongs of how Wales has been funded. After 14 years of Conservative failure, Wales has the highest child poverty of any devolved nation in the UK, with almost a third of Welsh children growing up in poverty. That is a stain on our national history, but this Budget reverses the trend. Decisions made by this Labour Government will see child poverty in Wales falling once again. The scrapping of the two-child benefit cap is one of the biggest steps we will take in our mission to end the injustice of child poverty.

Labour choices will see 69,000 children in Wales—more than one in every 10—lifted out of poverty and benefiting from greater financial security. Scrapping the cap is not only the right thing to do; it is economically essential. Poverty and inequality remain a massive drain on our economy and our national potential. People in Wales know this instinctively. Fairness is a key national value. It is who we are. The Conservatives and Reform do not get this. That is why they do not understand Wales.

This Budget also rights another historic wrong, as we have heard already from my hon. Friend the Member for Merthyr Tydfil and Aberdare (Gerald Jones). I am thankful to the Chancellor for listening to him and to other coalfield MPs, like myself, and returning the investment reserve of the British Coal staff superannuation scheme to its members. Having recently met BCSSS members at the Newbridge Memo, I know how significant this £2.3 billion change will be. One of the people I met there was Alan Watkins, who worked at Oakdale colliery in my constituency for 24 years. He started when he was just 16 years old, working at the pit until it closed in 1989. He is now 76. People like Alan have had to wait far too long for justice, but thanks to the change by this Labour Government, that wrong will finally be righted. My thanks go to all the scheme’s members and trustees, and especially to Bleddyn Hancock for his persistence and for never giving up over decades of work.

As chair of the all-party parliamentary group for semiconductors, I am proud that this Budget will see an additional £10 million being invested to strengthen skills in the Welsh semiconductor cluster. It is the world’s first compound semiconductor cluster and a real success story for Wales and my constituency of Newport West and Islwyn.

In addition to the two Governments at each end of the M4 working together, I hope to see more joint working between Network Rail and Transport for Wales. The additional £445 million of investment that the Labour Government have already announced in Wales’s rail infrastructure, including five new stations in south Wales, will be beneficial to all across south Wales, but I urge Network Rail and Transport for Wales to go further in working to deliver those ambitions.

This Budget follows a long Labour tradition of being prudent with a purpose. It is based on Labour choices, with Labour values running through it, and our purpose is clear: action on the cost of living, investment in our public services and the delivery of future growth. I commend it to the House.