Budget Resolutions
Andrew Snowden Excerpts(1 month, 2 weeks ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Andrew Griffith
The—[Interruption.] I am trying to find something relevant to say to the hon. Lady. There is a—[Interruption.]
Andrew Griffith
I will happily give way in a minute. At least the Budget that the hon. Lady talks about was an attempt to do two things. First, it sought to shield households in this country from going into a cold winter with an increase in energy bills—her Labour colleagues may wish to contemplate what they have done to 8 million pensioners through the reduction of the winter fuel allowance. Secondly, it was a Budget for growth. This Budget, as we have observed—[Interruption.] Well, some people are making interesting comments, but the direction in this Budget is to lower, rather than increase, growth.
Mr Snowden
Does my hon. Friend agree that, in the reaction to the Budget, the gilt market is in a far worse position than it was following the mini-Budget? Labour Members might want to do some research into the impact of their own Budget.