Ed Davey
Main Page: Ed Davey (Liberal Democrat - Kingston and Surbiton)Department Debates - View all Ed Davey's debates with the HM Treasury
(5 years, 5 months ago)
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Sajid Javid
I thank my right hon. Friend for his support for the increase in defence spending and I can give him that assurance. When the fiscal rules are looked at in time for the next Budget, that will be done openly, transparently and clearly, which is exactly what is needed to maintain market confidence.
Sir Edward Davey (Kingston and Surbiton) (LD)
I welcome the Chancellor to his post, but is it not the case that headteachers, chief constables and NHS managers simply cannot rely on his fantasy figures if Britain crashes out of the EU?
The independent watchdog, the Office for Budget Responsibility, said just two months ago that a no-deal-Brexit would add £30 billion a year to public borrowing for the next four years. What insurance has the Chancellor taken out against that massive risk to his spending plans? Is this not just a con?
Sajid Javid
The right hon. Gentleman should know that the Government have no plans to—as he puts it—crash out of the EU. Our plan is to get a deal and, if he wants to help us to get a deal, he should not vote for the surrender Bill tonight.