Fiscal Rules

Emily Darlington Excerpts

Monday 28th October 2024 Commons Chamber

[Darren Jones]

I point my hon. Friend to our very successful international investment summit only a couple of weeks ago, when it was very clear from investors that bringing stability back to our politics and our economy has been long wanted. That is why we were able to commit to £63 billion of investment in the country at the summit, followed by another £10 billion of investment announced only a few days after. We intend to raise much more to invest in this country and to bring growth back to the economy.

[Emily Darlington (Milton Keynes Central) (Lab)]

Constituents in Milton Keynes voted for change because they see the consequences of the Conservative economic policy. They are suffering from the cost of living crisis and have seen this in their crumbling schools, the lack of GP appointments and the use of food banks just to make ends meet. Will the Chief Secretary reassure me and my constituents that we will end the Conservative use of payday loans just to keep the lights on and instead invest in new schools, new hospitals and new infrastructure, alongside making work pay, so that my constituents see their lives improve?

[Darren Jones]

With my hon. Friend’s reference to payday loans, she points to the behaviour of the previous Government. As I have told the House this afternoon, this Government, with their first fiscal rule, will take us to a place where we are not borrowing to pay the bills each month, as had happened for years under the Conservatives. Anyone managing their family finances at home knows that that is the right thing to do, and they will welcome the fact that this Government are bringing that sense of discipline back to the national economy, too.