The Economy

Andrea Leadsom Excerpts

Thursday 22nd March 2018 Commons Chamber

[Jim Shannon]

I absolutely agree. The hon. Lady and I have discussed these things on many occasions. We have a very similar opinion.

I feel that the failure is one that society and perhaps the Government need to address. It has accumulated over a number of years. The economy is essential, as is reducing the deficit, and I support sustainable borrowing, but it is also essential that we provide the support and level of care to make life bearable for our constituents.

Interest rates were referred to earlier. It is absolutely critical that they do not increase so that we keep the economy stabilised, provide opportunities and make sure that we put money in the pockets of our constituents. That will also keep the economy going in the direction that we want so that we make sure that we create more jobs and employment.

I am aware that we bit off too much before the financial crisis, but we cannot compound the problem by putting constituents in debt, or close to debt, as they pay the continual minimal rises that we place on their shoulders. We must do as much as we can to economise while not asking too much from people who are squeezed to the limit. We are moving forward and reducing our nation’s debt, but that must not be at the expense of our constituents. I feel that we face that danger at present, and I ask the Minister to take that into account in his response.

[The Leader of the House of Commons (Andrea Leadsom)]

On a point of order, Madam Deputy Speaker. I have listened to representations following my business statement. For the benefit of the House, I can say that Monday’s general debate will now be on national security and Russia.

[Madam Deputy Speaker (Dame Rosie Winterton)]

I thank the Leader of the House for her courtesy in letting us know as quickly as possible that the debate has changed.