Darren Jones MP: speeches

Speeches

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I think the hon. Member is referring to employer’s national insurance contributions, which—as I have set out to the House—were designed to limit the burden on smaller businesses, with bigger businesses paying more. That was the way that the system was designed, and that was the system that the Chancellor put forward.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  My hon. Friend is right. If any party on the Opposition Benches wants to be competitive in the next election, it needs to set out what it proposes to do with the country and how it will pay for it. Time and again, whether it is the Conservative party, Reform UK, the Green party or any other party, it is all promises of jam tomorrow, with no idea about how to pay for it. The public have been burned by that already because of the last Government, and they will not be burned by it again.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  My hon. Friend knows that this Labour Government are committed to fiscal and political stability, because that is what matters for family finances and getting this country back on track after years of chaos under the Conservatives.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  The hon. Member knows that the Chancellor will set out any decisions on tax one way or the other in the Budget, which she will do in the autumn.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I share the sympathies of the House with the family of my hon. Friend’s constituent. My hon. Friend is right to point out that investment in HMRC had been cut over many years, which made it harder for tax to be collected from those who needed to pay it. The Chancellor has invested significant sums in HMRC to improve customer services for everybody who uses it, and to ensure that we are getting in the tax receipts that will pay for our public services.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I thank my hon. Friend for welcoming the trade deals that this Government have entered into with the United States, India and the European Union, with whom we got a great deal, especially on food and drink imports and exports, which will result in lower prices on the shelves of our supermarkets across the country. As my hon. Friend knows, we have committed to an annual summit with our counterparts in the European Union, and I am sure that my ministerial colleagues will set out further detail on those negotiations in due course.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  This Government recognise that it was because of cuts, especially to capital investment through the austerity years under the Conservative Government, that we had such poor productivity in our economy. We are still suffering the consequences of that, which is why, as the Chancellor said at the Budget, we are choosing investment over decline.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I agree with my hon. Friend that we have had four interest rate cuts under this Government which is good for mortgage holders and renters. Wages have increased faster than costs for the first time in many years, and the Chancellor has been able to invest billions of pounds in our country while keeping markets stable. That is the consequence of stability in our economy and in our politics and the fact that we are implementing our fiscal rules in the way we said we would.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  In a more conciliatory tone to Conservative Members, let me say that they have so few MPs they had no choice.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I do not disagree with this Government’s fiscal policies, no.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I might suggest to my hon. Friend that the public are grateful not to hear very much from the Conservative party after 14 years of failure, but if Conservatives Members wish to be competitive again, I would encourage them to set out what they might actually do with the country.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  My hon. Friend is right. Whether it is investors, market traders or our constituents, they got sick to the back teeth of chaos under the Conservatives, whether it was the mess of Brexit or the change in Prime Minister and Chancellor every five minutes. Ultimately, that resulted in a Parliament in which people were worse off at the end of the Conservative Administration than they were at the start, and our mortgages and rents were higher as a cost of the loss of control in the public finances. This Labour Government will never let that happen again.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  My hon. Friend knows from her work on the Treasury Committee that the fiscal rules are important because they prove that the Government are in control of the public finances. We saw what happened when the last Government lost control: the cost of Government borrowing went through the roof, and that takes money out of budgets before they even get to public services like the national health service. That is why this Government are committed to our fiscal rules and will ensure that they are being implemented.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I agree with my hon. Friend. It will be a benefit to the whole House that the shadow Chancellor will be in his Devon constituency for the whole of August.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  The right hon. Lady seems to have missed the fact that this Government have changed the non-dom tax status, which had been used by some of the wealthiest people in our country for many years; we have introduced VAT on private schools; and it is now much more expensive to fly in a private jet than it was under the former Conservative Prime Minister. As a consequence of the decisions that the Chancellor took at the Budget last year, we have given the largest real-terms increase in spending to Wales since devolution began, and as a consequence of our reforms to the Bill that we will be discussing on Wednesday, we have increased the base rate of universal credit for the first time in many years.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I thank my hon. Friend for pointing out the legacy of the past 14 years, where so many of our constituents are waiting for secure, affordable housing. That is why the Chancellor’s decision not only to update the definition of debt, but to allow for the creation of a new national housing bank means that we can direct billions of pounds into building affordable and social housing again. Those record levels of investment will make a real difference to the lives of families across the whole country.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  This is the first opportunity I have had to congratulate my hon. Friend on her recent damehood, which is very well deserved. She invites me to comment on the independent Office for Budget Responsibility’s forecast methodology. Given its independence, I am afraid I will not to that, but I will point to the fact that in the last forecast, the OBR was able to forecast an increase in growth as a consequence of our reforms to the planning system, which we welcome very much.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I disagree with the premise of the question. We are not attacking investment in this country; we are welcoming it. We are increasing public investment, we are doing deal after deal with the private sector, and we are welcoming significant amounts of foreign direct investment that will create good jobs with good wages in every part of the country.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I am not entirely sure what the question was, but I think the hon. Lady is exhibiting that she has learned some lessons from her party’s performance when she was last in government. Maybe she could share that with her Front-Bench colleagues in due course.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  The fiscal rules are important because when we control the nation’s finances, we bring stability to family finances. We have all experienced the consequences of previous Governments losing control, and our mortgage rates and rents have gone through the roof. This Labour Government will never let that happen again.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  The hon. Lady will know that when the changes in national insurances contributions for employers were implemented, the scheme was designed so as to protect smaller businesses, in relation to bigger business. She points to our fish and chip shops, which are often beloved in all our communities. I know from fish and chip shops in my own constituency that the price of fish, for example, has gone from about £100 to £300 a box. The price of oil has gone up following the Russian invasion of Ukraine, and even the price of potatoes has gone up, often because those products are imported from the European Union into the UK. That is why our trade deal on food and drink with the EU as well as our investment into cheaper renewable energy will make a big difference to fish and chip shops such as the one that the hon. Lady mentioned.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I can reassure my hon. Friend that we are taking no advice from the Conservative party on our approach to the economy, given their dismal record.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I think the House knows what losing control of the public finances looked like, because under the previous Conservative Government interest rates went through the roof, families were paying higher mortgage rates and the Chair of the Treasury Committee was calling out the irresponsible behaviour of Liz Truss and her Ministers in the Treasury. That is what losing control of the public finances looked like and that is why the Conservative party lost control of Government and is in opposition today. The right hon. Gentleman asked me to comment on forecasts of annually managed expenditure and on future tax decisions. He knows how this works. All of that will happen with a forecast and a Budget, which will happen in the autumn.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  The hon. Lady encourages me to act above my pay grade. The Chancellor will set out the date for the autumn Budget in due course. The hon. Lady invited me to explain to the House what our strategy was at the Budget—it was about investing in the renewal of Britain. That is why the Chancellor’s decision to update the fiscal rules to allow billions of pounds of investment in our capital infrastructure across the country, including into schools and hospitals, was the reason that the Budget was set out as it was. She also asked me about trade deals. I politely point to the three trade deals that the Government have already agreed with the European Union, India and the United States of America, saving thousands of jobs across the UK and generating growth in the years ahead.

• 7 Jul 2025 · Government Performance against Fiscal Rules · Hansard source

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  I was not at the event, so I cannot comment on those discussions, but I point the hon. Member to record levels of investment in this country. We have £120 billion of investment from the private sector in the first year of this Labour Government—including, as the Prime Minister said last Wednesday at Prime Minister’s questions, £40 billion from Amazon. We can look at water infrastructure, housing or digital infrastructure. The United Kingdom is a country that people now want to invest in. It is a stable country with a long-term strategy and with lots of great potential and assets, and we look forward to working with those business partners and investors to get the best deal for Britain.