Public Finances: Borrowing Costs
Debate between Darren Jones and Andrew Snowden(6 days, 14 hours ago)
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Darren Jones
Restoring economic and political stability is important. When the markets observed the behaviour of the Conservative party in government, it is no wonder they did not want to invest in the UK, and that is why the market crashed, to the detriment of working people across the country. It is very clear that under this Labour Government, not only do we have stable leadership; we have a stable set of policies in our plan for change and fiscal responsibility as the bedrock for the Chancellor’s action. That is a country people can believe in, trust in and invest in, unlike the country that was left to us by the Conservative party.
Mr Andrew Snowden (Fylde) (Con)
Every Labour Government leave office with unemployment higher and the economy in a worse condition than they inherited, but I think this Labour Government are taking the record for doing that the fastest—within just six months, we see borrowing costs spiralling out of control, GDP growth tanking and the bosses of some of the biggest recruitment firms in the UK warning of job postings plummeting and that a recession is just around the corner. I look forward to seeing how the Chancellor spins this period of employment on her CV in the future. If the Government breach their own fiddled fiscal rules so ingloriously and so quickly, who on the Treasury Bench is going to update their CV and take responsibility?