Wednesday saw the first Labour budget in 15 years. Back then the distinctive Alistair Darling delivered it. He had successfully steered the country through the 2008 global financial crisis and kept the banks afloat.

This week’s was the first by a female Chancellor of the Exchequer. A moment in history. It was literally standing room only, as urgent constituency business delayed me and prevented me from getting a seat!

Rachel Reeves had a difficult task – one inherited from the previous Conservative government. The £22 billion black hole in the nation’s finances which I have written about before is sadly very real.

Despite this, it is important to note that whatever anyone says, Labour has kept its manifesto promise on tax to working people. No increase in VAT, no increase in Income Tax and no increase in National Insurance. It’s a fact and pay slips will confirm it.

Watford got a specific mention in the budget as one of the constituencies where it was announced funding will be provided – that’s real money that materialises – to sort out crumbling and dangerous RAAC (Reinforced autoclaved aerated concrete). We are fixing the foundations of the economy and fixing neglect of our schools.

I welcome the investment announced especially in our schools and the NHS, and that we are putting Britain on the road to recovery. There’s more money to fix potholes too!

Yes, there are some less popular but necessary decisions taken. Unfortunately, there’s a price to be paid for Conservative mismanagement over 14 years, culminating in Liz Truss and Kwasi Kwarteng’s reckless and disastrous mini-budget.

It is crystal clear this government has the determination and drive to deliver change, help the strivers and build a better Britain.

  • Matt Turmaine is Labour MP for Watford