Autumn Statement

Part of the debate – in the House of Commons am 1:27 pm ar 22 Tachwedd 2023.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Sam Tarry Sam Tarry Llafur, Ilford South 1:27, 22 Tachwedd 2023

We have the lowest investment in the G7; on the Government’s own figures, it has fallen further and further. Currently, public sector investment is scheduled to fall by £14 billion in real terms over the next five years. Without serious investment in public services, we cannot hope to improve productivity, which the Chancellor spoke about today. We cannot just demand that people go back to work, and work harder and harder to compensate for this. We need £10 billion to match the OECD’s average public investment annual spend as a share of GDP. I would like to hear from the Chancellor why he has not taken the opportunity today to align ourselves with the rest of the G7?