May I, too, wish you, Madam Deputy Speaker, and the whole House a very happy new year? I send all our sympathies to the residents of Los Angeles who are being hit by wildfires—the situation unfolding there is very concerning indeed.
May I also take this opportunity to congratulate a fellow northerner, Luke Littler, on winning the world darts championship? He might support the wrong football team, but he has been a great role model and is making darts a very compelling sport.
It is the new year, but I am afraid it is the same old Tories. Their decision to try to vote down the Children’s Wellbeing and Schools Bill yesterday was another huge misjudgment. They seem to have learned nothing and are incapable of accepting they got things wrong or having what it takes to rebuild trust. The victims of grooming gangs need politicians to hear their voices, to act without fear or favour, and to take all necessary steps to root out and bring justice to perpetrators and enablers, whoever they are. They do not need pathetic and blatant political bandwagon jumping.
If Conservative Members were really interested in the victims and justice, their leader would have met with victims, but she has not. When she was Children’s Minister or the Women and Equalities Minister, she could have acted or spoken about the subject in the Chamber, but she did not. If this was really about addressing the root causes and making sure our institutions, culture and laws are fit for purpose, the Conservatives would have started implementing the recommendations of the Jay report, but they did not. Their wrecking tactics last night showed that they would rather play politics instead of supporting measures to safeguard children. I find it quite depressing to watch the official Opposition chase the spectre of Reform. These are very serious issues that require serious attention, with victims and their learnings at the centre.
Yet again, the shadow Leader of the House raises the economy but, as ever, I will take no lectures from him. After all, he admitted that we inherited a “struggling” economy with “anaemic” growth. Our commitment to economic stability, sound public finances and meeting the fiscal rules is non-negotiable, as we have just heard from the Chief Secretary to the Treasury. We are borrowing only for investment and we will see net debt fall. As the right hon. Gentleman knows well, the cost of debt fluctuates, often because of global markets. That is in stark contrast to the chaos we saw under his Government, when Liz Truss’s kamikaze Budget directly and immediately led to the gilt market crashing, needing the Bank of England to intervene to buy up Government bonds. She might want us to cease and desist, but we will not cease and desist from telling the truth that they crashed the economy.
When we talk about fixing the foundations of our economy, we are talking about tackling the fundamental and huge structural problems we face: years of low growth; very low productivity; chronically low investment; poor connectivity; a labour market with high levels of sickness; a health service on its knees; low skills; and an overreliance on record levels of immigration, which, in turn, puts more pressure on the housing crisis.
There are no quick fixes, but that is why the decisions we have taken, such as those in the Budget, are different and represent our vision of sustainable, shared growth. That begins with investment in health, investment in education and skills, and investment in the jobs of the future. It begins with providing a pay rise for the lowest paid, investment in transport and connectivity, and decent homes for people to live in.
Our approach is fundamentally different from that of the Conservative party, which is based on short-term, deregulatory, trickle-down economics. Opposition Members cannot have it both ways. We would have had cuts now —huge cuts to health and education—if they had been in government. They cannot have the benefits of the Budget without the measures it took to achieve them. Their agenda saw living standards fall for the first time in decades, with stagnant growth, poor productivity, high waiting lists and sickness rates and, perhaps most telling of all, in their last year of office net migration at nearly 1 million. We recognise that it will take time and we are beginning to turn the oil tanker around.