Chris Skidmore
Main Page: Chris Skidmore (Conservative - Kingswood)Department Debates - View all Chris Skidmore's debates with the HM Treasury
(5 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Speaker
The hon. Member for Lichfield (Michael Fabricant) need not worry; I am perfectly clear that he wishes to give us his thoughts. I am saving him up. It would be a pity to squander him at too early a stage of our proceedings.
Chris Skidmore (Kingswood) (Con)
Today’s figures from the Office for National Statistics reveal that we are at the lowest level of public borrowing since 2006. Will the Chief Secretary to the Treasury set out what that will mean for future investment in public services, as opposed to maxing out paying off the nation’s credit card?
Elizabeth Truss
My hon. Friend is right that we have successfully turned the economy around. We have brought the deficit down, and next year, for the first time in many years, we will see debt fall as a proportion of GDP—[Interruption.] Some Members are laughing, but the same people are proposing that we increase our debt by half a trillion pounds and push our country into penury.