Financial Statement Debate

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Department: HM Treasury
Wednesday 23rd March 2022

(2 years, 8 months ago)

Commons Chamber
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Rishi Sunak Portrait Rishi Sunak
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My hon. Friend makes an excellent point. She is absolutely right; the increase in debt payments is historic and it gives a glimpse of some of the risks facing us going forward. That is why it is right that we maintain headroom against our fiscal rules, and the best way to do that, in order to deliver a lower-tax economy, is to remain very disciplined on further public spending.

Dave Doogan Portrait Dave Doogan (Angus) (SNP)
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The Chancellor has detailed a small number of fiscal interventions and they will be a small mercy for the poorest in our society. May I ask his advice on what families with a child suffering from a life-shortening condition will receive as a result of his measures today? Children suffering from life-limiting conditions are often at home, where they need to be kept warm 24 hours a day, seven days a week, often with specialist equipment running. The Children’s Hospices Across Scotland charity is receiving alarming calls from people whose energy bill estimates are going up in the region of £268 to £720 a month. What hope for them, Chancellor?

Rishi Sunak Portrait Rishi Sunak
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In the autumn spending review we announced record funding settlements, not just for health, but across the board. That resulted in Barnett consequentials of, if I recall it correctly, about £4.5 billion annually for the Scottish Government. Obviously, they can use that to support their local communities in the way that they feel is best. Again, there have been further Barnetts today as a result of the household support fund.