Dr Jeevun Sandher

I thank my hon. Friend the Member for West Ham and Beckton (James Asser) for securing this debate. We have rightly spoken about those who died during the pandemic, but covid also did something else: it made it much harder for people to earn a decent living. Those who were already struggling—the low paid, the young and people in places outside London—suffered the most. First, covid hit low-paid people in jobs such as bartending, which could be done only in person because they required complex manual movements, while those in high-paid jobs could use Zoom to reach the office. The low paid were hit and far more likely to be laid off or placed on furlough. Secondly, the young fell behind while the wealthy baby boomers continued to pull ahead. In the two decades leading up to covid, house prices went up by 100% while wages grew by only 20%. That is why the young cannot afford homes. During the pandemic, quantitative easing, low interest rates and pensioners not spending cash meant that baby boomers started to buy homes again, and house prices are up 25% since covid began, while some 40% of 18 to 30-year-olds are living at home with mum and dad. Thirdly, London continues to pull ahead. Zooming to work enlarges London’s effective size, while places outside the capital lose out. More and more people and economic activity are sucked into the capital. The people who already could not make ends meet are pulling away not only from mainstream parties but from this House itself. The economically insecure are 50% more likely to have stopped supporting the Labour party, but they are also leaving almost every party in this House. We can reshape our nation so that everyone can earn enough, but we will do it only if the Government act. For the low paid, we must invest to create good jobs and to get bills down. For the young, we must build far more homes. For the rest of the nation, we must invest outside London. We are at this moment a nation deeply divided, and the pandemic widened those divisions.