Four years into Putin’s barbaric assault, the courage of Ukrainians burns bright. We are extending sanctuary to Ukrainians in their time of need and providing the weapons and aid to support them in their fight for a just peace. We are degrading Russia’s economy and planning for a ceasefire that protects Ukraine’s sovereignty. That support will never falter. Yesterday I recommitted to President Zelensky and the Ukrainian people that we stand with them in the fight for freedom, democracy and the values that we all hold dear.
Let me also congratulate Team GB for their superb performance in the winter Olympics. They are brilliant ambassadors for our country, and I know that ParalympicsGB will also do us proud. This morning I had meetings with ministerial colleagues and others. In addition to my duties in this House, I shall have further such meetings later today.
May I associate myself with the remarks of the Prime Minister in respect of Team GB and Ukraine?
A great former Prime Minister once said,
“You turn if you want to. The lady’s not for turning.”
Like the leader of my party today, she was a leader of principle and backbone, but we know this current Government are no stranger to the U-turn. Given that, can I gently tempt the Prime Minister to add one more to the current tally and help get Britain working again by backing the fantastic shops and businesses in Melton Mowbray town centre and in high streets across my constituency and beyond to succeed and grow by scrapping the Government’s business rate changes, which will hit so many of them hard in April?
It is good to see the right hon. Member in good form, particularly—if I may say so—after his health scare, which he and I have discussed a number of times.
The right hon. Gentleman discusses a former leader of his party. He was the former Health Minister who presided over record waiting lists; he was the former Prisons Minister who left the prisons overcrowded; and he was the former economy Minister under Liz Truss. We are picking up the mess and turning it around.
Q2. I very much welcome the fact that our Labour Government have recognised the state of Palestine. I also welcome the Foreign Secretary’s statement last week as chair of the UN Security Council, setting out the UK’s commitment to increasing humanitarian access to Gaza and advancing a two-state solution. Does the Prime Minister agree that protecting civilians, upholding international law and supporting Palestinian-led governance are essential for a lasting peace?
I thank my hon. Friend for raising this important issue, because the ceasefire in Gaza remains fragile, and protecting Israeli and Palestinian civilians is critical to the next phase of the peace plan. I am proud of our commitment to a two-state solution, and we will be hosting the peacebuilding conference in March to build lasting peace and security for both Palestine and Israel. Hamas must decommission their weapons and destroy their terrorist infrastructure and can have no future role in running Gaza. While aid flows have increased, the level of need is still dire. The Israeli Government must stop blocking supplies and preventing the work of international non-governmental organisations. That is unconscionable, and it is costing Palestinian lives.
May I associate the Conservative party with the Prime Minister’s comments about Ukraine and Team GB?
Before the Prime Minister and I became MPs, parties of every colour increased the cost of going to university. The system is now at breaking point for graduates. I believe that student loans have become a debt trap. It is time for all of us to do something about it. Will he cut interest rates on student loans?
I have to say I was glad to learn that the Leader of the Opposition has finally admitted that the Conservatives scammed the country on this— and that applies to everything that they did in government. We inherited their broken student loans system. We have already introduced maintenance grants, which they scrapped, to improve the situation and we will look at ways to make it fairer. We will do other things within the economy to help students. [Interruption.] What other things, Conservative Members ask? There was some news this morning, at 7 am, that energy bills are coming down by £117 for millions of families and young people struggling. That is guaranteed money off bills in April, driven by the action that this Labour Government have taken. We have promised to cut the cost of living—we are cutting the cost of living.
I asked the Prime Minister if he would cut interest rates on student loans—no answer. For the record, energy bills are still higher than when he came into office. He keeps talking about the last Government. In case he has not noticed, my party is under new leadership—a lot of people wish his was too, including his own Back Benchers.
Let us talk again about student loans and student fees, even, because to win the Labour leadership, with Labour Together, the Prime Minister promised to abolish tuition fees. In opposition, the Education Secretary said:
“Graduates, you will pay less under a Labour government.”
I wonder what happened to those people? Will the Prime Minister tell us whether graduates are paying more or less under Labour?
Many in her party are under new leadership, Mr Speaker—they are sitting on the Reform Bench. The only change the Leader of the Opposition has brought to her party is to make it smaller. She talks about interest rates on loans. Not only have energy prices come down this morning, but since we were last debating across the Dispatch Box, inflation has fallen as well, which has a huge impact on interest rates. It has fallen to 3% and the Bank of England says that it will keep on falling. That is only happening because of the decisions that we made at the Budget, opposed by the Conservatives. They talk about the cost of living: this Government are taking action. Under the Conservatives’ watch, inflation was 11%, which crippled students’ finances as their low rates went up.
I am amazed that while we are trying to talk about student loans, the Prime Minister has the cheek to talk about my party being smaller. His party is smaller too, including one MP who was arrested for child sex offences. Perhaps before he gets on his high horse, he should ask why his Back Benchers are saying that they are being called “the paedo defenders party”. [Interruption.] I did not say it—
I know that Labour Members do not like it, but I have not said anything that is not true, have I? Perhaps they should get off their high horse and stop making stupid jokes.
Why don’t we talk about student loans? Policies that may have been fine for 2012, with low interest rates, are not fine for 2026. The fact is that graduates are paying more, not less. On Monday, the Schools Minister was asked on the BBC why Labour froze the repayment thresholds. She said that the Government have “huge pressures”. Those pressures have been created by the Prime Minister’s taxes and borrowing to pay for more welfare. Why is the Prime Minister taking from students to give to “Benefits Street”?
What a nerve! Under the Conservative Government, student loan thresholds were frozen for 10 years. They broke the system—they did it with the bloke over there, the right hon. Member for Kingston and Surbiton (Ed Davey), when they were in coalition together—and we are fixing it.
The right hon. Lady used to say, just a few weeks ago, that she was going to focus on the economy to the exclusion of everything else, so I am doing her a favour by bringing us back to the economy. [Interruption.] Yes, desperate to talk about the economy. We have taken £117 off energy bills, and inflation is going down. The other thing that was confirmed on Friday was that borrowing is coming down, and we have the biggest surplus on record. That means that we have got the economy back under control, and we are fixing the public finances. I know that the party of Liz Truss does not understand any of this, but the Leader of the Opposition should welcome those changes when she next stands up.