Public Finances: Borrowing Costs
Debate between Darren Jones and Jacob Collier(6 days, 15 hours ago)
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Darren Jones
One of the issues was that the Conservative party made a whole list of unfunded spending commitments. They promised hospitals and train stations, they had unsettled pay disputes with public sector workers— I could go on and on. That is why the Chancellor took the decision at the Budget to wipe the slate clean, to deal with the mess that we inherited and then to bring forward the manifesto commitments that we set out at the election. If the hon. Gentleman wishes to see more detail about our public spending plans, he is very welcome to come to my statement in June.
Jacob Collier (Burton and Uttoxeter) (Lab)
Conservative Members talk about economic stability, but they seem to have forgotten that they were swapping out Chancellors every five minutes. Does the Chief Secretary agree that it is this Government who are restoring stability to our economy?
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.
Oral Answers to Questions
Debate between Darren Jones and Jacob Collier(1 month, 1 week ago)
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Jacob Collier (Burton and Uttoxeter) (Lab)
The Chief Secretary to the Treasury (Darren Jones)
My hon. Friend has campaigned extensively on this issue in his constituency. I understand that National Highways continues to develop proposals to improve the A50/A500 corridor through Uttoxeter. That is part of the pipeline of projects for future road investment strategies. He will know that in the Budget, we invested £1.6 billion to maintain and renew the nation’s local roads. That includes a £500 million increase in 2025-26 alone.