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Speech on 2nd Reading of Finance Bill

Yesterday during the 2nd Reading of the Finance Bill debate, I raised the fact that the pandemic has exposed how the Tories’ economy for the few is not fit for purpose and is fundamentally unfair and unequal.

For example, Care England yesterday published a paper calling for greater financial support for the care sector and yet CareTech, who run a large number of established residential care homes in the UK, shares have risen by 12% in the last five days since announcing – in their words – “stronger” revenues and margins.

Is it not obscene that as the coronavirus outbreaks sweeps across our care homes – the death toll rising – profits are being pocketed by a rich few?

Of course, the truth is our social care system is a national scandal. Nearly £8bn has been taken from council budgets for social care since 2010.

At the same time, many big care providers have developed highly complex corporate structures involving offshore tax havens.

For the text of my speech in Parliament (delivered virtually):