‘We are asking the wealthiest and businesses to increase funding for public services’, say Peckham MP

By Miatta Fahnbulleh

15th November 2024

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Contents

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Miatta Fahnbulleh

Rachel Reeves became the first woman Chancellor in the history of this country to present a Budget in the House of Commons.

A historic moment for the country, the Labour Party and women and girls everywhere.

This shows girls across the land that there is no ceiling on what they can achieve. They have every right to dream big, hold the highest offices in the land, and be on equal terms.

This Budget was historic for another reason: it is the start of a new chapter towards making Britain better off, after 14 years of Tory cuts, chaos and injustice.

It is a Budget which will drive up opportunity and drive down poverty in our community. One that will arrest the decline and begin to repair the huge damage that was done over 14 years of the last Conservative government.

More pounds in people’s pockets, an NHS that is there for you when you need it and investment to jumpstart the building of the thousands of new homes people so desperately need.

And the Budget set out how we will deliver this change, whilst protecting working people from higher taxes in their payslips, with no increase in employees’ National Insurance, Income Tax, or VAT.

We are asking the wealthiest and businesses to pay their share to increase funding for public services, so we can fix our NHS. For example, we will for the first time abolish the non-dom tax status, so wealthy people who make Britain their home pay their fair share of taxes here.

This will contribute towards the £25 billion over two years we’re investing into the NHS, help facilitate 40,000 extra appointments a week, and build capacity for more than 30,000 additional procedures to drive hospital waiting times down. This can’t come quickly enough for the hundreds of people in Peckham languishing in pain on hospital waiting lists.

We are increasing the National Living Wage by 6.7%, to £12.21 per hour, worth up to £1,400 for a full-time worker. And we are extending the Household Support Fund with an additional £750m to help struggling families and pensioners across England.

We are giving children the best start in life, training up thousands more teachers, and providing additional financial help for those doing the important job of caring for elderly and sick loved ones.

This is the difference a Labour government can make. And this is only the beginning.

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