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Our purpose is clear: to make you and your family better off
Our purpose is clear: to make you and your family better off

Telegraph

time2 days ago

  • Business
  • Telegraph

Our purpose is clear: to make you and your family better off

This Labour Government was on a promise of change: to deliver a decade of national renewal. To build a stronger, more resilient country that could navigate an ever-changing world. On Wednesday, we took the next step in delivering on that promise by investing in Britain's renewal – and investing in the priorities of the British people. First, on security. We are keeping our country safe with an £11 billion real-terms increase in defence spending, making sure our Armed Forces have the equipment they need. And we are boosting funding for our security and intelligence agencies, so they have the tools to respond to new threats. Strong national security depends on strong border security. We are cracking down on criminal gangs and illegal immigration, with new investment in Border Security Command, worth up to £280 million more each year. We are ending the costly use of hotels for asylum seekers, saving taxpayers' money and restoring order to our immigration system. The Conservatives lost control of our borders, Labour is taking back control. Second, we are investing in the nation's health. A strong economy needs a strong NHS. The NHS we inherited from the Conservatives was broken. Patients waiting too long for treatment. Families getting caught up in the 8am scramble to get a GP appointment. And services stuck in the analogue era. We promised to change that and we are changing it. That is why I have announced record investment in the NHS, with £29 billion more a year to improve patient care. But let me be clear: this investment comes on the condition of reform. It's not enough to spend money on a broken system. It is about investing to reform services so they are fit for the modern century. And finally we are investing in the economy. We cannot tax and spend our way to prosperity. We need to grow the economy. That is why I announced this week we are giving the green light to Sizewell C, a multi-billion nuclear station that will create and support tens of thousands of jobs. We are investing to fix our roads, rail and national infrastructure, so people can get to and from work and businesses can prosper. And we are creating jobs in the industries of the future – from defence and nuclear to technology and life sciences. This investment is with a singular purpose in mind: to make you and your family better off. To turn the page on 14 years of decline. To deliver a Britain where every family can feel safer, healthier and better off. This is what the British people voted for, and this is what this Government is delivering.

Reeves will need ‘Corbynist catalogue' of tax rises to back up spending
Reeves will need ‘Corbynist catalogue' of tax rises to back up spending

The Independent

time2 days ago

  • Business
  • The Independent

Reeves will need ‘Corbynist catalogue' of tax rises to back up spending

Rachel Reeves will flick through a 'Corbynist catalogue' of tax rises ahead of this year's budget, the Conservatives have warned. Ms Reeves denied the Treasury would produce a 'repeat' of last October's budget and said the Government had 'already drawn a line under the Tory mismanagement'. But shadow chancellor Sir Mel Stride told MPs that Wednesday's spending review was a 'fantasy' and 'not worth the paper that it is written on'. Responding to Ms Reeves's spending plans, the Conservative frontbencher told the Commons: 'This is the spend now, tax later review, because (the Chancellor) knows she will need to come back here in the autumn with yet more taxes and a cruel summer of speculation awaits. 'How can we possibly take this Chancellor seriously after the chaos of the last 12 months?' Sir Mel labelled Ms Reeves 'the tinfoil Chancellor, flimsy and ready to fold in the face of the slightest pressure', who he said was 'weak, weak, weak'. He added: 'She is constantly teetering on the edge of blowing her fiscal rules, which she already changed to allow even more borrowing. 'And the only way she can claim to be meeting her rules is by pretending that she can control spending over the coming years.' As part of the Government's plans, departmental budgets are forecast to grow by an annual average of 2.3% across the period 2023/24 to 2028/29. Ms Reeves also promised a 'record cash investment in our NHS', with an extra £29 billion per year for day-to-day running costs, plus money for rail projects including £3.5 billion additional funding for the TransPennine route upgrade between York and Manchester, and £2.5 billion more for the Cambridge-to-Oxford East West Rail. 'The Chancellor knows she will have to come back in the autumn with more tax rises to fund these plans,' Sir Mel said. 'Or can she assure us right now that this is not the case? Yes or no?' Referring to the former Labour leader and now independent MP for Islington North Jeremy Corbyn, Sir Mel said: 'We know that the Deputy Prime Minister (Angela Rayner) has helpfully provided her with an entire brochure of tax rises that she will no doubt be perusing over the summer, the 'Corbynist catalogue'.' He told MPs: 'Her tone today suggests that all is well, the sunny uplands await. 'What a hopeless conceit. A masterclass in delusion.' Ms Reeves hit back that Sir Mel was 'Stride by name, 'baby steps' by nature'. She said he had 'welcomed our nuclear investment of £30 billion' and continued: 'But he said it's not enough. He welcomed our defence investments of £11 billion, but he said it was not enough. 'He and his party opposed the decisions that this Government has taken to make those announcements possible, by voting against the budget in October last year. 'You can't spend the money if you won't raise the money. Now, that's a lesson from Liz Truss that he has already forgotten. 'He complains about the level of investment that I've announced, ignoring the fact that the reason this investment is so important is because his party oversaw 14 years of cratering investment, stagnating wages and public service collapse.' She said the more comprehensive budget later this year will 'set out in the round all of the fiscal plans' and added: 'We have already drawn a line under the Tory mismanagement with tax rises last year. 'And we will never have to repeat a budget like that again, because we will never have to clean up after the mess that the party opposite made.'

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