Barry Sheerman
Main Page: Barry Sheerman (Labour (Co-op) - Huddersfield)Department Debates - View all Barry Sheerman's debates with the HM Treasury
(2 years, 1 month ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Kwasi Kwarteng
Absolutely. My hon. Friend will understand that, historically, we have managed to get out of high periods of debt by growing our economy. That is why we have a renewed focus on growth. What we cannot do is simply tax our way to prosperity; that has never happened before.
Mr Barry Sheerman (Huddersfield) (Lab/Co-op)
I inform the Chancellor of the Exchequer that that was probably the most disappointing presentation that I have heard since I came into the House in 1979. What exactly is he hiding? Is he not hiding the fact that in future, our children and grandchildren will have to pay the price of what he has announced today? Is it not the truth that we will put this borrowing on future generations, which will blight their whole future?
Kwasi Kwarteng
What I find extraordinary is that Opposition Members stood on a platform of pure unadulterated socialism in 2019 that was totally reckless and had no interest in the private sector. What we are doing is putting more money into the pockets of people and businesses. That is what drives growth.