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Budget debate on Thursday, 25 March 2010, in the House of Commons, led by George Osborne. The answering member was Yvette Cooper.

Budget Resolutions and Economic Situation

Budget debate (second day)

Secondary information

Type
Parliamentary proceeding
Reference
508 c396-480 
Session
2009-10
Department
Department for Work and Pensions
Treasury
Chamber / Committee
House of Commons chamber
Proceeding contributions
George Osborne | 508 c396-7 (Link to this contribution) I welcome this opportunity to begin the second full day of the Budget debate, because it gives us th...
George Osborne | 508 c397 (Link to this contribution) It is absolutely clear that the Minister said that taking first-time buyers out of stamp duty was no...
Show all contributions (148)
Ian Pearson | 508 c397 (Link to this contribution) I am glad that the hon. Gentleman has followed closely my comments in the Committee on that Finance ...
George Osborne | 508 c401-3 (Link to this contribution) My right hon. and learned Friend is absolutely right about that. It is an absolutely cynical manoeuv...
William Cash | 508 c403 (Link to this contribution) My hon. Friend is making an excellent speech. Does he agree that there is another gap in what the Go...
Viscount Hailsham | 508 c401 (Link to this contribution) It is not a case of not being able to give the figures; it is a case of not being willing to give th...
Simon Burns | 508 c404 (Link to this contribution) It is rather disappointing that the right hon. Lady clearly wrote her speech before she heard the ex...
Yvette Cooper | 508 c404 (Link to this contribution) Was that it? [Hon. Members: "Oh, come on!"] Was that it? In those 26 minutes there was plenty of sne...
George Osborne | 508 c397 (Link to this contribution) I am happy to give way to the hon. Gentleman on the question of stamp duty.
Harry Cohen | 508 c397 (Link to this contribution) The hon. Gentleman claims that the proposal on stamp duty was Conservative policy. Was the increase ...
George Osborne | 508 c397-9 (Link to this contribution) Look, we set out a proposal for a levy on non-domiciles that was also copied immediately after I had...
Yvette Cooper | 508 c399 (Link to this contribution) The hon. Gentleman will know that allowances and benefits have been uprated by autumn inflation figu...
George Osborne | 508 c399 (Link to this contribution) I did my research. Only once in the 13 years of this Government did the Labour Chancellor uprate in ...
Yvette Cooper | 508 c399 (Link to this contribution) Let me ask the question again. The normal uprating with respect to the retail prices index is linked...
George Osborne | 508 c399 (Link to this contribution) I am sure the right hon. Lady understands the mechanics here. The law requires writing into the Red ...
Simon Burns | 508 c399 (Link to this contribution) Does my hon. Friend accept that it is not simply working people who will be affected by that policy ...
Peter Luff | 508 c401 (Link to this contribution) Is my hon. Friend aware that he is making a most powerful case for adopting the advice of our noble ...
George Osborne | 508 c399-401 (Link to this contribution) My hon. Friend is absolutely right. Income tax applies to pensioners and pensioner income, and it is...
Lord Cormack | 508 c404 (Link to this contribution) Will the right hon. Lady give way?
Yvette Cooper | 508 c404 (Link to this contribution) Thank you, Madam Deputy Speaker.
Yvette Cooper | 508 c404 (Link to this contribution) I will. Perhaps the hon. Gentleman can enlighten me by citing one of the policies presented by the s...
Yvette Cooper | 508 c404 (Link to this contribution) I am afraid he did not. What he made clear was quite how shallow the approach of the Conservatives r...
Lord Cormack | 508 c404 (Link to this contribution) What I would say to the right hon. Lady—supported as she is by the hordes of Midian behind her—is th...
Yvette Cooper | 508 c405 (Link to this contribution) Perhaps Conservative Back Benchers can provide some of the substance that could not be provided by t...
William Cash | 508 c405 (Link to this contribution) Will the right hon. Lady concede that House of Commons research shows that 19.6 per cent. of young p...
Yvette Cooper | 508 c405 (Link to this contribution) In fact, our debt as a proportion of GDP is still lower than those of many of our European competito...
Charles Walker | 508 c405 (Link to this contribution) Will the right hon. Lady please tell me which part of the £1.3 trillion debt she is most proud of?
Yvette Cooper | 508 c406 (Link to this contribution) I will give way to the hon. Lady if she can tell me what she is saying to the young people in her co...
Yvette Cooper | 508 c405-6 (Link to this contribution) The hon. Gentleman is referring to the International Labour Organisation youth unemployment survey, ...
Baroness Laing of Elderslie | 508 c406 (Link to this contribution) I thank the right hon. Lady for giving way, and I will tell her what I say to the people in my const...
David Gauke | 508 c407 (Link to this contribution) Will the right hon. Lady give way?
Yvette Cooper | 508 c406-7 (Link to this contribution) Well, the hon. Lady can muster as much righteous indignation as she likes, but she should tell her c...
Yvette Cooper | 508 c407 (Link to this contribution) Let me tell the hon. Gentleman what is happening. As a result of the unemployment figure being about...
David Gauke | 508 c407 (Link to this contribution) So is the right hon. Lady saying that when the Government cut spending, that is a sign of success, b...
David Gauke | 508 c407 (Link to this contribution) May I just seek some clarity from the right hon. Lady? She has just talked about the Conservatives c...
Yvette Cooper | 508 c407 (Link to this contribution) I will give way to the hon. Gentleman if he is prepared to say that he will turn his back on his par...
Yvette Cooper | 508 c407 (Link to this contribution) We are increasing the funding for the youth unemployed—[Interruption.] No, we are increasing that fu...
Christopher Fraser | 508 c408 (Link to this contribution) Could the right hon. Lady explain why long-term unemployment is still rising and is at its highest l...
Yvette Cooper | 508 c408 (Link to this contribution) My hon. Friend is right; that is what is at stake here. This is what is at risk: a serious cut in sp...
Kelvin Hopkins | 508 c408 (Link to this contribution) I entirely agree with what my right hon. Friend is saying, and I urge her to ignore the economic ill...
Yvette Cooper | 508 c409 (Link to this contribution) That is correct. My hon. Friend is right to say that it was not simply about the recession itself, b...
Kelvin Hopkins | 508 c409 (Link to this contribution) I wish to continue my right hon. Friend's theme. I am old enough to remember the 1979 election when ...
Yvette Cooper | 508 c408-9 (Link to this contribution) We are coming out of the deepest world recession for very many generations, and of course it has hit...
Christopher Fraser | 508 c412 (Link to this contribution) Does the hon. Gentleman agree that it is a sad indictment of the Liberal Democrats' policy on the ec...
Simon Hughes | 508 c412-3 (Link to this contribution) The hon. Gentleman will hear, as he heard yesterday from our leader, my right hon. Friend the Member...
Simon Hughes | 508 c412 (Link to this contribution) Not yet. It is clear that the British public want a fairer tax system, but yesterday's Budget did n...
Yvette Cooper | 508 c409-11 (Link to this contribution) I am not going to give way for a little while, as I need to make some progress in order to let other...
Yvette Cooper | 508 c411 (Link to this contribution) This party is increasing child tax credit—in this Budget for one and two-year-olds—because we think ...
Simon Hughes | 508 c411-2 (Link to this contribution) I apologise to you, Madam Deputy Speaker, and to the hon. Member for Tatton (Mr. Osborne) for missin...
Speaker | 508 c411 (Link to this contribution) Order. Please continue, Minister.
Kevin Barron | 508 c418-9 (Link to this contribution) The speech that we just heard from the hon. Member for North Southwark and Bermondsey (Simon Hughes)...
Simon Hughes | 508 c413 (Link to this contribution) I shall deal with taxation in a second. It certainly is not true to say that we have not consistentl...
Lord Randall of Uxbridge | 508 c414 (Link to this contribution) Does the hon. Gentleman agree with his leader's statement that the country needs savage cuts?
Simon Hughes | 508 c414 (Link to this contribution) Both our leader and my hon. Friend the Member for Twickenham, whom the public respect hugely for tel...
David Gauke | 508 c414 (Link to this contribution) Will the hon. Gentleman clarify one particular point? He has listed a number of cuts proposed by his...
Simon Hughes | 508 c414-7 (Link to this contribution) We can all use different adjectives, but £15 billion is a significant cut in the current spend. If w...
Kevin Barron | 508 c420-4 (Link to this contribution) That is precisely the case that I am making. I have grandchildren at the academy that I talked about...
Nicholas Winterton | 508 c424-5 (Link to this contribution) I am delighted to follow the right hon. Member for Rother Valley (Mr. Barron), who spoke with great ...
Kevin Barron | 508 c420 (Link to this contribution) I agree on the latter point. As my right hon. Friend the Secretary of State mentioned—everybody know...
Harry Cohen | 508 c420 (Link to this contribution) I am sorry to draw my right hon. Friend into a bit of a parochial matter relating to my constituency...
Simon Hughes | 508 c419-20 (Link to this contribution) The right hon. Gentleman and I came to the House in the same year. I will not deny that there has be...
Kevin Barron | 508 c419 (Link to this contribution) I give way first to the hon. Member for North Southwark and Bermondsey, and then to my hon. Friend t...
Simon Hughes | 508 c426 (Link to this contribution) I absolutely share the hon. Gentleman's view. I am really encouraged that there appears, at last, to...
Nicholas Winterton | 508 c426 (Link to this contribution) I have been in this House for quite a long time, with almost 39 years of uninterrupted service, and ...
Nicholas Winterton | 508 c426 (Link to this contribution) I am happy to give way to my very good friend from Luton; on matters relating to the European Union,...
Kelvin Hopkins | 508 c426 (Link to this contribution) We do agree on certain matters, but not on this one. Why do we need an international nuclear weapon ...
Nicholas Winterton | 508 c425 (Link to this contribution) Hold on: I know what my hon. Friend is going to say. He, too, was one of those 25 Conservative Membe...
Simon Hughes | 508 c425-6 (Link to this contribution) The hon. Gentleman knows that he has a lot of respect in this House. He is right about the first pri...
Nicholas Winterton | 508 c426 (Link to this contribution) The hon. Gentleman makes his position and that of his party very clear. He will accept, however, tha...
Nicholas Winterton | 508 c432 (Link to this contribution) I am happy for the hon. Gentleman to intervene. He is a great friend to me, and when I stood for Spe...
Stephen Pound | 508 c433 (Link to this contribution) It was a decision that did not make me an enormous number of friends, but may I tell the hon. Gentle...
Lord Randall of Uxbridge | 508 c429 (Link to this contribution) I am listening very intently to my hon. Friend. When I was younger, the balance of trade payments st...
Nicholas Winterton | 508 c427-9 (Link to this contribution) The hon. Gentleman is a traditional Labour party member, and I respect him. He is utterly consistent...
Kelvin Hopkins | 508 c427 (Link to this contribution) I share entirely the hon. Gentleman's concerns about foreign ownership of our manufacturing. Not onl...
Nicholas Winterton | 508 c426-7 (Link to this contribution) Let me mention another matter that, again, involves the right hon. Member for Rother Valley, who spo...
Nicholas Winterton | 508 c429-32 (Link to this contribution) I am only too delighted to agree with the hon. Gentleman. My love of the European Union—or lack of i...
Kelvin Hopkins | 508 c429 (Link to this contribution) May I be helpful on that theme? One reason why Governments have not focused so much on the balance o...
Nicholas Winterton | 508 c429 (Link to this contribution) My hon. Friend is indeed a good friend—he is the official Opposition's pairing Whip, so I need to be...
Speaker | 508 c433 (Link to this contribution) Order. I was overwhelmed by the climactic end to that speech, but it is certainly no disrespect to t...
Nicholas Winterton | 508 c433 (Link to this contribution) I am very grateful indeed to the hon. Gentleman—my friend—for that very generous comment. I wish th...
Kelvin Hopkins | 508 c433-4 (Link to this contribution) May I say what a great pleasure it is to follow the hon. Member for Macclesfield (Sir Nicholas Winte...
Kelvin Hopkins | 508 c434-6 (Link to this contribution) Indeed, it would be difficult to do both at the same time. My hon. Friend is most helpful. People h...
Kelvin Hopkins | 508 c436-7 (Link to this contribution) A marginal propensity to consume, as my hon. Friend rightly says. A simple redistribution, without c...
Stephen Pound | 508 c436 (Link to this contribution) A marginal propensity to consume.
Simon Hughes | 508 c439 (Link to this contribution) The hon. Gentleman is well respected for his position on the Treasury Committee. He may be about to ...
Michael Fallon | 508 c439-40 (Link to this contribution) I was just coming to that, but I do not want to let the Government wholly off the hook on their reco...
Simon Hughes | 508 c440 (Link to this contribution) Statements by my colleagues have made it clear that although further decisions have to be made to ta...
Michael Fallon | 508 c440-1 (Link to this contribution) I am grateful for that clarification, because we were perhaps under the illusion that the Liberal ap...
Simon Hughes | 508 c437 (Link to this contribution) I believe that I represent more council tenants than any other English Member. One of the reasons fo...
Kelvin Hopkins | 508 c437-8 (Link to this contribution) I entirely agree. It was the Housing Finance Act 1972 that set us in this direction. I opposed it at...
Michael Fallon | 508 c438-9 (Link to this contribution) First, I remind the House of the interests recorded in the register. I hope that the hon. Member fo...
Harry Cohen | 508 c442-4 (Link to this contribution) It is a pleasure to follow the hon. Member for Sevenoaks (Mr. Fallon), whose case is always coherent...
Kelvin Hopkins | 508 c444 (Link to this contribution) Would it not be a good idea to keep all the publicly owned sectors of the banks in public ownership,...
Lord Randall of Uxbridge | 508 c448-50 (Link to this contribution) Excesses of any ideology are bad and wrong. I am a pragmatist, and I think we should just get on wit...
William Bain | 508 c450-2 (Link to this contribution) It is a pleasure to follow the hon. Member for Uxbridge (Mr. Randall). Like me, he came to the House...
Harry Cohen | 508 c448 (Link to this contribution) I appreciate the hon. Gentleman's homily and I do not disagree with some aspects of it, but does he ...
Harry Cohen | 508 c445-7 (Link to this contribution) That is the point that I am making: there are savings to be made. The TUC report states:""Tax relief...
Lord Randall of Uxbridge | 508 c447-8 (Link to this contribution) It is a pleasure to follow the hon. Member for Leyton and Wanstead (Harry Cohen), who made what I gu...
Harry Cohen | 508 c445 (Link to this contribution) Absolutely. The only reason why the banking sector is in existence is because of taxpayers' investme...
Kelvin Hopkins | 508 c445 (Link to this contribution) On that point, another estimate from the figures that I gave is that the top 1 per cent. of earners—...
Bill Wiggin | 508 c452 (Link to this contribution) I was delighted to listen to the speech by my hon. Friend the Member for Tatton (Mr. Osborne), who o...
William Cash | 508 c471 (Link to this contribution) I agree with my hon. Friend that the kind of grandmother's footsteps that the Liberal Democrats and ...
Christopher Chope | 508 c471 (Link to this contribution) I shall take an intervention from the hon. Gentleman, whom I presume will tell me about the Liberal ...
Christopher Chope | 508 c471 (Link to this contribution) The argument for taking a lot of people out of tax is very strong, but I do not think that the solut...
Simon Hughes | 508 c471 (Link to this contribution) The hon. Gentleman anticipates my intervention slightly. Does he support the policy that we have mad...
Tobias Ellwood | 508 c467-70 (Link to this contribution) Again, my hon. Friend makes a powerful point. The Government must listen because people deciding to ...
William Cash | 508 c467 (Link to this contribution) I am fascinated because I did not know that what my hon. Friend described had happened. Does he agre...
Christopher Chope | 508 c470-1 (Link to this contribution) It is a great pleasure to follow my constituency neighbour, my hon. Friend the Member for Bournemout...
David Gauke | 508 c475-6 (Link to this contribution) He was indeed. We are now borrowing more than we have borrowed at any time in our peacetime history....
David Gauke | 508 c473-5 (Link to this contribution) Indeed? I am grateful for that information. My hon. Friend the Member for Macclesfield's industry a...
David Gauke | 508 c473 (Link to this contribution) It is a great pleasure to respond to the debate, and I should like to thank my many hon. Friends who...
Christopher Chope | 508 c471-2 (Link to this contribution) I am grateful to my hon. Friend. It is a colloquialism, but we often talk about the direction of tra...
Simon Hughes | 508 c454 (Link to this contribution) And who moved to Herefordshire himself at the age of 18. The hon. Gentleman will know that there is...
Bill Wiggin | 508 c454 (Link to this contribution) I shall give way to the hon. Gentleman, whose mother I believe used to live in Herefordshire.
Charles Walker | 508 c457-8 (Link to this contribution) When I first entered this House five years ago, I do not think I was a very nice or pleasant person....
Bill Wiggin | 508 c454-7 (Link to this contribution) I agree with the hon. Gentleman, and I was encouraged by the comments of my hon. Friend the Member f...
Charles Walker | 508 c458-9 (Link to this contribution) The right hon. Gentleman is the Chair of the Health Committee. I can tell him that I am concerned th...
Bill Wiggin | 508 c453-4 (Link to this contribution) I am grateful to my hon. Friend for that intervention, and I congratulate him on the excellent speec...
Lord Randall of Uxbridge | 508 c452-3 (Link to this contribution) As my hon. Friend knows, I am a great supporter of cider, and I have noticed from some of the bottle...
Simon Hughes | 508 c465 (Link to this contribution) The hon. Gentleman makes an interesting and good point about the presentation of the Budget. Does he...
William Cash | 508 c462-4 (Link to this contribution) Indeed. The first moment I saw what was happening on the Greek front—it must be two months ago—I sai...
Christopher Chope | 508 c466 (Link to this contribution) My hon. Friend makes a very powerful point. Does he agree that it is ironic that the Government are ...
Tobias Ellwood | 508 c465-6 (Link to this contribution) The hon. Gentleman makes a further point, suggesting, as we go through this year of more openness an...
Kelvin Hopkins | 508 c462 (Link to this contribution) The hon. Gentleman flatters me when he speaks of my knowledge of the EU. I assure the House that his...
William Cash | 508 c459-62 (Link to this contribution) My hon. Friend the Member for Broxbourne (Mr. Walker) modestly said that when he came here he was no...
Ian Pearson | 508 c479-80 (Link to this contribution) I thank the hon. Gentleman for those comments. It might seem churlish if I were now to say some of t...
Ian Pearson | 508 c479 (Link to this contribution) I shall give way to the hon. Gentleman in a moment, because I want to refer to what he has said. In ...
George Osborne | 508 c479 (Link to this contribution) I just wanted to say that the Minister has paid tribute to lots of people who are retiring at this e...
Simon Hughes | 508 c417-8 (Link to this contribution) That is what my hon. Friends and I have argued for months and for years. We have said for a long tim...
David Gauke | 508 c473 (Link to this contribution) That is not for me to say, but he has been consistent in his advocacy of manufacturing, and he argue...
George Osborne | 508 c403-4 (Link to this contribution) My hon. Friend is absolutely right. A key part of our proposals is the creation of an office for bud...
Kelvin Hopkins | 508 c413 (Link to this contribution) The hon. Gentleman has said that his party anticipated the crisis, but if I remember correctly, his ...
Tobias Ellwood | 508 c464-5 (Link to this contribution) It is a pleasure to contribute towards the end of this important debate about the Budget. I pay trib...
Ian Pearson | 508 c476-9 (Link to this contribution) It is a pleasure to respond to today's Budget debate on behalf of the Government. I shall begin by r...
George Osborne | 508 c401 (Link to this contribution) I also quite like "Labour isn't working", which applied then and applies now. Like some giant fisca...
Yvette Cooper | 508 c404 (Link to this contribution) I will give way to the hon. Gentleman again if he can identify one serious policy presented by the s...
Yvette Cooper | 508 c407-8 (Link to this contribution) The hon. Gentleman should understand that we are spending about £2 billion in additional funding for...
Kelvin Hopkins | 508 c417 (Link to this contribution) I entirely applaud what the hon. Gentleman has been saying the last few minutes. He seems to be sugg...
Tobias Ellwood | 508 c466-7 (Link to this contribution) My hon. Friend and neighbour makes an absolutely valid point. That is the trouble with this Governme...
Subjects
Cost effectiveness Debts Banks Credit Budgets Finance Higher education Economic situation Economic growth National income Public expenditure Loans Young people Small businesses Tax allowances Taxation Stamp duties Unemployment Economic recession World economy Budget March 2010
Link
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