(1 week, 1 day ago)
Commons ChamberMy apologies, Mr Speaker. It was our ordering that caused the problem, not the ordering of questions in the House.
The right hon. Gentleman knows that tight decisions were taken at the Budget, but we have been very clear that we are working hand in glove with businesses to be able to bring growth back to the economy and to ensure that investment—private sector and public sector—is coming forward. As he will know, from his time of swimming underwater, this Government are taking a different approach to fiscal discipline, and he should welcome that.
The first duty of any Government is to keep the nation safe. That is why we are increasing defence spending as a share of GDP to 2.5%—the biggest sustained increase in defence spending since the end of the cold war. Derby has a vital role to play within the UK’s defence sector, particularly in nuclear engineering and aerospace, as demonstrated by the landmark £9 billion deal with Rolls-Royce, which will create up to 1,000 jobs in the city and protect thousands more.
(8 months, 2 weeks ago)
Commons ChamberMy right hon. Friend the Work and Pensions Secretary is considering that report as we speak.
For my constituents, this mess goes beyond money. It is about trust in politics. Does the Chancellor agree that the damage goes even deeper than the harm to our economy that she has set out?
My hon. Friend is absolutely right. Today’s revelations of a £22 billion in-year overspend come on top of partygate and the handing of contracts to friends and donors to the Conservative party during the pandemic. That dents public trust. I have come to the House today to be open and transparent about the state of the public finances and the action that I will take to sort out this mess.