Replacement of the Chancellor of the Exchequer Debate
Full Debate: Read Full DebateBill Esterson
Main Page: Bill Esterson (Labour - Sefton Central)Department Debates - View all Bill Esterson's debates with the Leader of the House
(1 year, 10 months ago)
Commons ChamberI can give my hon. Friend that assurance. This is really important to our communities. We will continue with our programme on EU law and EU retained law, and our enabling regulation that the Department for International Trade is looking at, and also our programme on investment zones, in which there has been an enormous number of expressions of interest.
In her initial answer to the urgent question, the Leader of the House blamed international circumstances. If that is true, why do people in this country face paying more in increased mortgage payments than people elsewhere in the world; and if it is true, why did the former deputy Governor of the Bank of England say yesterday that the crash in the markets was the result of unique circumstances in the UK? Would it not be better for the Leader of the House and the Prime Minister to admit that they got it wrong and they are responsible, as a first and necessary step in rebuilding confidence in the markets?
I would point the hon. Gentleman to mortgage rates elsewhere in the world. I also suggest that he raises this with the Chancellor, who is waiting to give a statement.