Yesterday’s Spring Statement confirmed it. Our plan for the economy is working.
We are focused on what matters: cutting the cost of living, bringing down borrowing, and growing the economy. The independent Office of Budget Responsibility backs that up:
Inflation falling faster than expected
Borrowing forecast to be the lowest in 6 years
Families £1,000+ a year better off, even after inflation
That is how we build a strong, secure economy and make working people better off here in Oldham West, Chadderton and Royton and across the country.
But I am not complacent, more needs to be done.
That’s why in the Commons yesterday, I pushed again for HMRC to update mileage rates. They have been stuck at 45p per mile since 2010. Meanwhile, research from Unison and the RAC Foundation shows the real cost of driving for work is closer to 67p per mile.
That gap hits NHS staff, care workers, small business owners, and the self employed right here in our community. These are people using their own cars to keep services running.
The Tories let this injustice drag on for years and hardworking people have paid the price.
That is not right. We cannot let this continue.
Jim McMahon OBE MP 