Public Spending: Inheritance Debate

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Department: HM Treasury
Monday 29th July 2024

(4 months, 3 weeks ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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We have had to make difficult decisions today to cancel road and rail infrastructure projects. These are not decisions we wanted to make, but if the money is not there, we cannot go ahead with those projects. It is as simple as that. The money has to be there and the sums always have to add up, because I will not make the mistakes of the previous Government and Liz Truss, crashing the economy and sending interest rates and mortgage rates spiralling for our constituents. That is why I have had to take these actions today to get a grip on public spending and public finances. I make no apology for that, but I recognise the damage it does to so many constituents with projects that they had expected to see happening.

Desmond Swayne Portrait Sir Desmond Swayne (New Forest West) (Con)
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When the Chancellor’s legislation enables illegal entrants to leave their current accommodation, where will they go?

Rachel Reeves Portrait Rachel Reeves
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Under the previous Government, no applications were being processed and so nobody was being sent home. We will process those applications and send people who have no right to be here back home.