Fleur Anderson
Main Page: Fleur Anderson (Labour - Putney)Department Debates - View all Fleur Anderson's debates with the HM Treasury
(2 years, 2 months ago)
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Chris Philp
I have to say that the speculation in which the hon. Lady is engaging is slightly reckless, if that is perhaps not too strong a word. We have extremely capable regulators: the Bank of England, the Prudential Regulation Authority, the Pensions Regulator and others. Their responsibility is to make sure that our financial system, including pensions, is safe and secure for our constituents. The Government have complete confidence in our regulators, and I think the House should as well.
Fleur Anderson (Putney) (Lab)
There has been growth since the mini-Budget: a growth in people stopping me on the street in Putney, Roehampton and Southfields to say how worried they are about their bills and rising mortgage costs. I met estate agents in Putney this week; they say that the stamp duty change will make absolutely no difference to the housing crisis in Putney. What does the Chief Secretary say to families who are looking at a £500 increase in the cost of their mortgage as a result of this failed strategy, or at having that cost passed on to them if they are renting?
Chris Philp
When the hon. Lady was stopped in the street, I presume that she explained the points about global interest rates increasing. When her constituents asked about energy prices, I presume that she explained to them that this Government took decisive action on our third day in office to protect our constituents from bills that could have gone up to £5,000 or £6,000 a year. I presume that she also explained that the Labour party’s plan was good only for six months, but the plan that we have put in place lasts for two years.