Rachel Reeves

Rachel Reeves

Labour — Leeds West and Pudsey

Speaking in the House of Commons on 26 March 2025

Debate

Spring Statement

Contribution

I thank the right hon. Gentleman for his question. The OBR is clear that the economy at the end of this Parliament will be bigger than it previously envisaged—bigger than the plans we inherited from the previous Government—and the average person with real household disposable income will see their income rise by £500. We are already beginning to deliver the change that we promised. At the Budget last year I was able to announce the biggest ever settlements for Scotland, Wales and Northern Ireland. That continues to be the case after today’s spring statement.

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