Outlines economic achievements under the current government including reduced inflation, tax reductions for average workers, and increased business investments. Highlights measures like full expensing permanentisation, business rates support, and a new national insurance rate cut to benefit employed people.

Intervenes to challenge the notion of reduced taxes, questioning whether this Parliament has become the highest tax-raising one in history despite recent announcements.

The Chancellor's statement confirms the Conservatives' failure over 13 years with high taxes, rising inflation, and mortgage costs. The economic growth forecast for next year has been slashed by more than half. Household incomes will be lower in real terms compared to before the pandemic. Tax burden is set to increase by £4,300 per household after 25 tax rises under this Parliament alone.

Asked a point of order questioning whether it was appropriate for the Opposition spokesman to discuss measures not announced by the Chancellor.

Allowed James Murray's speech to continue as it is part of a wide-ranging debate and possibly discussing unannounced government decisions. Addressed an intervention from Harriett Baldwin regarding the point of order, clarifying that she was allowing Murray to speak based on her interpretation of the context.

Interjected during the debate to clarify that mortgage rate increases are due to independent decisions by the Bank of England, not 'Tory' actions.

Agreed with Baldwin's intervention, arguing that if inflation has been halved due to Bank of England decisions, the Government should not take credit for it.

Ms Baldwin highlighted the significant progress made in reducing inflation from 11.1% to 4.6%, attributing this success to the Bank of England and prudent fiscal management by the Government last year. She emphasised that despite challenges, such as the energy crisis due to Putin's invasion of Ukraine, household resilience was bolstered by measures like the energy price cap. Ms Baldwin defended against criticisms from opposition members, asserting that mortgage rate increases were a necessary response to combat inflation rather than political manoeuvres. She also praised the Chancellor for reducing national debt and increasing growth forecasts, noting the importance of supporting non-inflationary economic growth through various autumn statement measures. These include tax cuts, support for businesses, investments in renewable energy infrastructure, improvements in education funding, and enhancements in pension advice access. Ms Baldwin concluded by expressing her satisfaction with the Government's approach to economic management and its rejection of Opposition suggestions for increased borrowing.

The Chancellor's budget choices have ignored the millions struggling with rising living costs, particularly in food, energy, and housing. The UK is facing a significant reduction in living standards since the 1950s. Food prices are double that of Ireland and Estonia, and the UK has the highest food price inflation among industrialised nations. No action was taken to reduce VAT or lower energy prices despite warnings from the Bank of England. The Chancellor's measures will not cover increases in mortgages, rents, and food and energy bills compared to last year. The SNP criticises the lack of support for struggling households and calls for immediate short-term policies like reinstating the £400 energy bill rebate.

Highlands residents pay among the highest prices despite being net exporters of energy. This highlights the inequity in the regional distribution market controlled by Westminster, where Scotland exports energy but pays for its own use.

Welcomed the Chancellor's statement as a move towards sound Conservative principles and criticised Labour for their inability to address inflation caused by external factors. Emphasised that there is no such thing as public money, only taxpayers' money. Discussed the importance of creating wealth through lower taxes and reducing government size. Supported measures for small businesses and incentives to work. Highlighted issues such as late payments from local authorities to small businesses and productivity improvements. Criticised the nationalists' complaints about membership in the Union.

Congratulates the hon. Member for Sevenoaks on her appointment as Chief Secretary to the Treasury and welcomes the uprating of working-age benefits in line with inflation, rebasing of local housing allowance, maintaining household support fund, and resisting changes to work capability assessment. Acknowledges improvements in pension fund investment but calls for a pensions Bill and clarification on superfunds. Welcomes measures to improve employment support for people out of work due to health or disability, including better employment support and the expansion of integrated placement and support schemes. Criticises harsher sanctions proposed by the government as ineffective and detrimental.

Welcomes today’s statement on measures supporting people to work and back into work, focusing on permanent full expensing for businesses. Emphasises the importance of equality of opportunity, knocking down barriers in employment, and providing a safety net through support systems such as individual placement support and broad support packages. Supports reforms that are fair not only to those receiving benefits but also to society as a whole.

The MP criticises the current government's approach to public spending, highlighting issues in school building programmes, hospital construction delays, under-investment in animal health centres, and the squeeze on local councils. She points out that some financial products have failed, such as the lifetime ISA, which is now forgotten about due to a lack of uprating with housing prices. Hillier also notes insufficient funding for free childcare for children aged one and two, leading to unmet demand. She supports an increase in the Local Housing Allowance but questions its effectiveness given ongoing housing shortages. The MP expresses concern over proposed changes to universal credit sanctions and jobcentre support, highlighting logistical barriers faced by claimants. Hillier emphasises the need for better skills training in green growth industries and civil defence, noting delays due to Brexit vote predictions. She praises pilots of additional jobcentre support but warns against cutting benefits after 18 months without work.

Supports the Chancellor's statement, emphasising economic freedom and sustainable public finances. Advocates for reducing national insurance contributions and income tax levels. Calls for greater transparency in Government expenditure and efficiency savings. Supports businesses and small enterprises, encouraging investment in skills and innovation. Criticises energy policies affecting local residents and emphasises the need for better consultation and alternatives to current plans.

The autumn statement is set against the backdrop of a cost-of-living crisis and government instability. The speaker criticises the Conservative Party's performance, citing four PM relaunches in six weeks, cancelled HS2 projects, and record tax rises since 2019. She highlights that since the last election, taxes have risen by £4,000 per household and public services are deteriorating. Despite some positive economic indicators like revised growth up slightly and inflation halved, borrowing has been revised down, indicating an economy barely growing with risks of recession. The speaker argues that despite Chancellor's fiscal headroom, his spending plans will exacerbate already tight departmental budgets and lead to real-term cuts of 16% for unprotected departments such as Justice. She calls for increased business investment and a green prosperity plan to improve economic growth. Despite recent tax cuts, taxes are projected to rise in every year to a post-war high by 2028-29, affecting millions who will pay more income tax due to frozen thresholds. The autumn statement fails to address concerns about food poverty among universal credit recipients and the increased need for food banks.

Welcomes the autumn statement, praising it as a serious Budget for growth and a long-term success strategy. Acknowledges the Government's efforts in reducing inflation from double-digit levels to half over a year. Supports tax cuts for 27 million working people by cutting the main rate of national insurance contributions from 12% to 10%, providing an immediate £480 tax cut per person and nearly £900 for families with two earners. Emphasises support for small businesses through extended business rates relief and class 2 NIC reduction for self-employed individuals. Welcomes the commitment to the pensions triple lock, which will increase by 8.5% in April 2024. Acknowledges the Government's strategic decisions in growing sectors such as banking, tech, life sciences, offshore wind, and film production. Encourages new investment zones focusing on growth areas like Southend. Supports apprenticeships but suggests reforming the apprenticeship levy to allow for greater flexibility in training types.

Mr Trickett criticises the Government's borrowing, pointing out that since 2010, they have borrowed £1.5 trillion heading towards £3 trillion. He argues that despite this borrowing, services like schools, hospitals, and police force have collapsed, poverty is rising, and growth remains static. He notes the Office for Budget Responsibility (OBR) has stated the Government's plans require £19 billion in expenditure but only provide £4 billion, calling these cuts 'completely implausible'. Trickett also highlights that inflation, particularly food prices, are causing significant hardship for working people. Additionally, he argues that despite a reduction in national insurance, the average worker will still be worse off due to unchanged tax thresholds. He concludes by suggesting alternative measures Spain took to control inflation and criticises the high taxation of earnings compared to income from wealth.

The hon. Member for North Cotswolds raised concerns about the increasing tax burden and fiscal drag, highlighting that many people are being pushed into higher tax brackets due to modest wages. He welcomed measures such as full expensing and cuts in national insurance contributions, noting their positive impact on growth, employment, and investment. Clifton-Brown also discussed inflation reduction and praised the Government's commitment to increasing the national living wage and local housing allowance. However, he criticised the lack of tourist tax measures in the autumn statement, arguing that reintroducing tax-free shopping for EU visitors could significantly boost tourism and economic growth.

The hon. Member for Nottingham East ordered speakers to adhere to a nine-minute limit in response to the extended speeches earlier, without providing detailed contributions on the debate topic.

Wilson welcomes the Chancellor's move towards a low-tax economy, citing economic evidence that supports reducing taxes to boost growth and tax revenues. He highlights reductions in national insurance contributions, corporation tax allowances, and business rates as positive steps, while also criticising upcoming green taxes. Wilson expresses concern about Barnett consequentials for Northern Ireland being taken back by the Treasury due to budget overspend by a Sinn Féin Finance Minister. He calls on the Chancellor to address underfunding issues in Northern Ireland and supports encouraging unemployed individuals to work and maintaining the triple lock on pensions.

Several Members rose to speak, but their contributions are not detailed in the provided transcript.

Mr. Fuller congratulates the Chancellor on making a reasonable and good start, but argues that there is still a long way to go to return to Conservative principles in public financing. He highlights three charts from the Institute for Fiscal Studies indicating significant increases in public expenditure caused by exceptional items such as the covid response and Russia’s invasion of Ukraine, noting that these should have been followed by real reductions. He also points out an increase in tax rises across Parliaments, arguing this is not a Conservative approach to the economy. Mr. Fuller welcomes measures to strengthen economic regulation but questions if it is sufficient, urging regulators to do more to stimulate growth. He expresses concern about HMRC’s new debt management capability and worries that it may extend its role too far. He supports productivity targets for the public sector but suggests strengthening these targets further. Mr. Fuller appreciates the triple lock and living wage increase, though he raises concerns about a regional living wage's potential impact on unemployment.

The autumn statement is framed with the next UK election in mind but misses opportunities to address structural weaknesses. The reallocation of funds for the Corran ferry project is welcomed. However, inflation undermines tax cuts and fiscal drag remains a significant issue. Business investment forecasts are declining, indicating insufficient long-term economic growth strategies. GDP growth projections fall short compared to global peers like the US, reflecting underperformance over a decade of Tory governance. The Resolution Foundation highlights this period as worst for living standards since at least 1950; real wages won't recover until 2028, two decades later than expected. Misalignment between monetary and fiscal policies post-2008 financial crisis led to low growth, investment, and productivity. Post-crisis quantitative easing was necessary but failed to deliver sustainable economic growth due to policy mismanagement. The rise in inflation is hurting ordinary people with increasing food prices and energy costs; the expected £190 increase in the energy cap will exacerbate this burden. Brexit has caused a 4% GDP loss opportunity, lacking a green industrial strategy. In contrast, Scotland's government presents an industrial strategy that prioritises net zero investment and job creation, addressing fuel insecurity.

Delighted to contribute to the debate, praising the Chancellor's autumn statement for laying foundations for long-term growth. Highlights decisions taken that have seen inflation halved and borrowing down, expressing confidence in economic stability moving forward. Supports the new back-to-work plan aimed at unlocking potential of up to 1.1 million people, focusing on improving lives away from benefits system towards paid employment. Mentions estimated loss of over 100 million work days each year due to sickness absences and proposes targeted public health measures for prevention. Proposes removal of VAT on high-factor sunscreen as a fiscal measure to tackle preventable diseases like skin cancer. Welcomes the increase in duty on hand-rolling tobacco as a disincentive to smoking. Calls for investment in Erewash for levelling-up infrastructure projects, including additional motorway junctions and brownfield site regeneration.

The Labour MP criticises the Conservative government's economic policy, stating that despite some positive aspects like reduced inflation, the overall impact on ordinary people is negative. She highlights high borrowing levels, fragile economy projections, and worsening social outcomes such as increased waiting lists for healthcare, homelessness, and poverty rates. Maskell argues for a focus on fairer society creation through better economic redistribution and investment in public services, criticising cuts to national insurance that benefit the wealthy more than working people. Additionally, she expresses disappointment over lack of promised funding for local initiatives like BioYorkshire and creative industries, stressing the need for improved social housing access and rejection of punitive measures against vulnerable individuals.

Kevin Foster emphasised the importance of a clear Conservative message focused on aspiration, economic growth, home ownership and keeping more of one's earnings. He welcomed the business rates relief for tourism and hospitality in Torbay, highlighting its significance due to its reliance on tourism. He also praised the Chancellor's decision to honour the triple lock on pensions and increase the national living wage, which would benefit many working individuals in his constituency. Foster noted the need for tax simplification while preserving exemptions such as those for state pension age individuals. He supported welfare changes aimed at encouraging engagement with employment support schemes, stressing their importance in lifting people out of poverty. Additionally, he highlighted recent funding announcements for Torbay’s regeneration and praised the investment from private companies like Willmott Dixon. Foster also raised concerns about planning regulations and suggested exercising caution regarding conversions of properties into flats based on past experiences in his area. He urged the Chancellor to consider tax thresholds affecting businesses and mentioned that while some constituents support reducing inheritance tax, current priorities lie with working families.

The hon. Member criticises the Conservative government's approach to social care, highlighting issues such as sky-high inflation, crumbling schools and hospitals, and a lack of ambition in public services. She mentions repeated delays and cancellations of promised reforms, including a cap on lifetime care costs and the health and social care levy. The speaker also points out that funding for workforce training has been halved, leaving unpaid carers to manage a staffing crisis at great personal cost. She advocates for a Labour government's commitment to building a world-class national care service through improved access to care, better rights at work, decent standards, fair pay, and proper training for carers.

Intervened to acknowledge the challenges highlighted by Catherine West regarding social care pressures and the importance of balancing national living wage increases with employment market realities.

Critiqued the autumn statement for not addressing economic and social challenges adequately. Highlighted high child poverty rates in his constituency, rising food bank use, and inflation's impact on families with fixed-term interest rates expiring. Emphasised the need to reduce poverty through effective policies and early help. Mentioned the lack of job creation focus and net zero transition support. Advocated for a new hospital in Stockton-on-Tees and questioned NHS funding adequacy. Called for more stringent measures against tobacco to improve public health.

Questions the Minister about the delay in wages recovering to their 1998 levels even under current plans.

Welcomes the Minister but questions his understanding of borrowing for capital investment versus current expenditure, suggesting a peculiar view of national accounts.