Yuan Yang

Yuan Yang

Labour — Earley and Woodley

Speaking in the House of Commons on 17 December 2024

Debate

National Insurance Contributions (Secondary Class 1 Contributions) Bill

Contribution

I have taken two interventions, which was the number I set for myself, and we do like sticking to numbers on the Government Benches. I am proud that the Labour Government are asking the wealthiest individuals and largest businesses to pay a little more, so we can rebuild the foundations of our broken economy. That means: more money into the NHS, with £25 billion in NHS funding over the next two years, which is sorely needed in my constituency and across the country; and £7 billion for education in the next financial year, including £1 billion for SEND. Those are the kinds of decisions that would not be possible under the March 2024 forecast. Opposition Members may look at the OBR assessment of that forecast if they are in any doubt about that. Those decisions would not be possible if the Government were not taking important and serious decisions. That is why I stand, very happily, to support the Budget that we set out.

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