Government's Management of the Economy — 23 Feb 2021 at 15:48
That this House believes that the last decade of UK economic policy weakened the foundations of this country’s economy and society, leaving the UK particularly vulnerable when the coronavirus crisis hit; further believes that many Government choices and actions during the coronavirus pandemic have exacerbated the problems that pandemic has caused, leading to the UK suffering the worst economic crisis of any major economy; calls on the Government, as the UK emerges out of the pandemic, to address the deep inequalities and injustices in this country and take the UK forward to a stronger, more prosperous future through a new partnership between an active state and enterprising business; further calls on the Government to protect family finances by reversing the planned £20 cut in Universal Credit, reversing the key worker pay freeze and providing councils with the funding they need to prevent huge rises in council tax; and calls on the Government to introduce a new British Recovery Bond to allow people who have accumulated savings during the pandemic to have a proper stake in Britain’s future and to back a new generation of British entrepreneurs by providing start-up loans for 100,000 new businesses.
“Getting over the worst economic inheritance any modern government has been bequeathed by its predecessor is not so easy.”
“deeply unbalanced…Unbalanced between different parts of the country…Unbalanced between different sections of society… Unbalanced between different parts of our economy”.
“one of the best examples of coordinated action globally”.
“prevented an unprecedented collapse in GDP from turning into a living standards disaster.”
“the worst economic crisis of any major economy”,
“Sadly, we have not been and will not be able to save every job and every business, but I am confident that our economic plan is supporting the finances of millions of people and businesses.”-[Official Report, 11 January 2021; Vol. 687, c. 23.]
“The UK’s resilience has been weakened under sustained Tory cuts. Wages have barely grown in the last decade. The welfare state safety nets have been torn to shreds. Public services have struggled through chronic underinvestment and asset stripping, and some parts of the UK that have still not fully recovered from the 2008 financial crisis are ill-equipped to cope with a further recession. Coronavirus has the potential to have a lasting impact.”-[Official Report, 12 March 2020; Vol. 673, c. 486.]
“We are now at an historical juncture when the conventional methods of economic policy are being tested.”
“The deficit reduction programme takes precedence over any of the other measures in this agreement”.
“I’m afraid there is no money.”
“In a life-and-death struggle we cannot afford to have our destinies in the hands of failures”-[Official Report, 7 May 1940; Vol. 360, c. 1094.]
“that the last decade of UK economic policy”
“suffering the worst economic crisis of any major economy”.
“I’m afraid there is no money.”
“I’m afraid there is no money left.”
“the last decade of UK economic policy weakened the foundations of this country’s economy”.
“the only platform going forward”,
Votes by party, red entries are votes against the majority for that party.
What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.
What are Boths? An MP can vote both aye and no in the same division. The boths page explains this.
What is Turnout? This is measured against the total membership of the party at the time of the vote.
|Party||Majority (Aye)||Minority (No)||Both||Turnout|
|Lab||195 (+2 tell)||0 (+2 tell)||0||99.5%|
|Jeff Smith||Manchester, Withington||Lab (minister)||tellno|
|Matt Western||Warwick and Leamington||Lab (minister)||tellno|