Kevin Bonavia

This Budget shows that after years of decline, this Labour Government are building a stronger and more secure economy, one that works for working people in Stevenage and the villages across our constituency. We are beating the forecasts, with growth upgraded to 1.5% this year and wages rising faster in our first year than in the entire first decade under the Conservatives. But this is all for nothing if working people cannot see and feel positive changes in their day-to-day lives. That is why this Budget makes the fair and necessary choices to cut the cost of living, renew our public services and bring stability to the economy. For families in Stevenage, the cost of living has been a real pressure, so I welcome the measures that will put money back into people’s pockets, with £150 off average energy bills, rising to £300 off for those who need it most, alongside freezing prescription charges and, for the first time in 30 years, freezing rail fares. That means that commuters travelling from Stevenage or Knebworth will not see the annual hike that they endured year after year under the previous Government. Take, for example, one of our fantastic young apprentices from Airbus who wrote to me before the Budget asking the Chancellor to consider a rail freeze to ensure that he could afford to do the job he loves. When working people call, this Labour Government answer. We are cutting NHS waiting lists, with 250 new neighbourhood health centres and millions more appointments, and we are freezing prescription costs. For Stevenage, where the Lister hospital serves not just our town but the surrounding villages, this investment in our infrastructure and in our patients is vital. We are doing all that while reducing borrowing every year so that interest rates—already cut five times since the election—can keep falling, helping families with mortgages and businesses with investment. Let’s deal with the nonsense we have heard from the Opposition Benches. We have been told that this is a Budget for “Benefits Street”, that Labour is hiking taxes to pay for welfare and that borrowing is spiralling out of control. Here are the actual facts: borrowing will fall every single year of this Parliament, moving to surplus by 2028. That is fiscal responsibility, not the chaos of unfunded tax cuts that crashed the economy under the last Conservative Government. Scrapping the two-child benefit limit is not a handout; it is an investment. A child growing up in poverty is less likely to work as an adult and earns 25% less by the age of 30. Lifting 450,000 children out of poverty is both morally right and economically smart. On taxes, the biggest changes fall on those with the broadest shoulders: high-value property owners, landlords who pay less tax than their tenants and online giants who have dodged their fair share for too long. Compare that with the Conservatives, who now talk of £47 billion of spending cuts, hitting working people the hardest and still leaving public services crumbling—they have some cheek, after 14 years of doing just that. That figure would be the equivalent of firing every police officer twice over. Reform’s fantasy economics, with billions of cuts and no plan as to where they fall, would mean complete, unbridled chaos. That is why we need a sensible Labour Budget. That is what we have, and that is why I will support it tomorrow night.