Fiscal Rules Debate

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Department: HM Treasury

Fiscal Rules

Clive Betts Excerpts
Monday 28th October 2024

(3 days, 14 hours ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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The hon. Member’s constituents will note at the Budget on Wednesday that this party honours its promises—the promises, set out in its manifesto, to protect working people. He might want to reflect on the way that his party failed his constituents at the last election before trying to lecture this Government.

Clive Betts Portrait Mr Clive Betts (Sheffield South East) (Lab)
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I welcome measures that allow for more long-term investment to improve our economic performance and public services, but I would like my right hon. Friend to address two issues. Is housing one of the areas where more investment might be allowed, to help us achieve our target of 1.5 million more homes in this Parliament? Secondly, will he ensure that where there is public investment, we try to make that investment produce orders for UK companies, rather than many of the orders going abroad? That is the way to create real growth in our economy.

Darren Jones Portrait Darren Jones
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We made a commitment to delivering 1.5 million homes, and we will do just that. On the second part of the question, the whole purpose of the national infrastructure strategy and the overlapping multi-year spending reviews is to give investors and suppliers confidence that when the Government say something will be delivered, it will, so they can invest and plan on that basis, to help improve the British economy. Frankly, they are starting from a position of complete dismay because of the failed promises of the last Government; we will rectify that.