Oral Answers to Questions
Debate between Chris Evans and Sajid Javid(5 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Sajid Javid
I believe the First Minister actually promised not to raise taxes, but in fact the SNP has raised taxes on more than 1 million Scots. Doctors, teachers and police are all paying more in Scotland than in any other part of the UK. Scotland is now the highest-taxed part of the UK, and the Scottish people will remember that at the next Scottish elections.
Chris Evans (Islwyn) (Lab/Co-op)
Since this Government came to power, they have relied heavily on monetary policy. The Chancellor of the Exchequer will know that quantitative easing and interest rates have now been cut to the bone. Is he concerned by noises coming from the Bank of England that interest rates could rise, and the effect that that would have on heavily indebted middle-income families?
Sajid Javid
The hon. Gentleman should know that the Bank of England is independent, and therefore monetary policy decisions are independent. I know that his friends on the Opposition Front Bench do not recognise or respect that, but it is a very important part of our economic system.