Spending Review 2025 Debate

Full Debate: Read Full Debate
Department: HM Treasury

Spending Review 2025

Esther McVey Excerpts
Wednesday 11th June 2025

(3 days, 8 hours ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Rachel Reeves Portrait Rachel Reeves
- View Speech - Hansard - - - Excerpts

In the spending review today, we have set out: investment in defence to support jobs in Scotland; investment in Acorn to support jobs in Scotland; investment in nuclear, which will benefit the people of Scotland through lower bills; and a record settlement for the Scottish Government. It is up to them now to use that money wisely. I would not hold out much hope, under the SNP.

Esther McVey Portrait Esther McVey (Tatton) (Con)
- View Speech - Hansard - -

I know the Chancellor considers herself to be a world-leading economist, so can she tell me how it is that everyone in the country knew that hiking taxes on employers’ national insurance contributions—making it more expensive to employ people—would destroy jobs, destroy businesses and destroy the economy, and the only people who did not know that were her and her socialist boss?

Rachel Reeves Portrait Rachel Reeves
- View Speech - Hansard - - - Excerpts

I am sorry to disappoint the right hon. Lady, but there are 500,000 more jobs in Britain since the last general election. Business confidence is going up.