Autumn Statement Debate

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Department: HM Treasury

Autumn Statement

Wes Streeting Excerpts
Wednesday 23rd November 2016

(7 years, 5 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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That is absolutely right. We made that commitment in our election manifesto; it was a commitment on which we were elected. Despite the difficult fiscal circumstances, we will deliver on that commitment.

Wes Streeting Portrait Wes Streeting (Ilford North) (Lab)
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I thank the Chancellor for agreeing to the request made by me and my hon. Friend the Member for Leeds West (Rachel Reeves) to reintroduce the distributional analysis of the Budget. I have looked at that analysis and, in spite of a bit of tinkering with the methodology, it is clear that, as a result of the tax and welfare changes in this autumn statement, the bottom three deciles—the lowest-income households—will be left worse off than the highest earning group of households. How can he possibly justify that? As well as helping the “just about managing”, will he commit to helping the people who are barely managing or cannot manage at all?

Lord Hammond of Runnymede Portrait Mr Hammond
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Our intention will be to try to ensure the fairest distribution possible. I welcome the debate that the hon. Gentleman and others have stimulated on the appropriate way to present distributional analysis—the issue is not completely cut and dried or straightforward—but I say this to him: we were elected on a manifesto commitment to get welfare under control. Working-age welfare had spun out of control between 1980 and 2010. We have now got it back under control, which implies that we have had to take some tough decisions. We have taken them. I will accept and explain the consequences of those.