Debate on the Address

The debate began with the Chancellor of the Exchequer, Rachel Reeves, outlining the Government's position. She highlighted that the new Labour Government has inherited the worst economic situation since the Second World War, with high inflation, rising interest rates, and a cost-of-living crisis. However, she emphasized that the Government's number one mission is to secure sustained economic growth, through measures such as the Budget Responsibility Bill, the national wealth fund, and pension reforms. The official opposition, represented by the shadow Chancellor Jeremy Hunt, responded by disputing the Government's claims about the economic inheritance. He argued that the UK economy was in a strong position, with fast growth, low unemployment, and a well-capitalized banking system. Hunt accused the Chancellor of planning tax rises, despite her election promises, and warned that higher taxes would hamper economic growth. The wide-ranging debate that followed saw many new Members of Parliament make their maiden speeches, showcasing the diversity and talent of the House. A variety of topics were discussed, including the need to support the NHS and social care, improve public transport and infrastructure, tackle child poverty, and revive struggling high streets and local communities. Several speakers highlighted the unique histories and challenges of their constituencies, from the industrial heritage of Hartlepool to the natural beauty of Harpenden and Berkhamsted. Members on both sides of the House acknowledged the scale of the economic and social challenges facing the country, but differed in their approaches. The Government emphasized its plans for growth, stability, and investment in public services, while the opposition warned against tax rises and criticized the legacy of the previous administration. Overall, the debate reflected the high stakes and competing visions for the future of the UK economy and society.