George Kerevan
Main Page: George Kerevan (Scottish National Party - East Lothian)Department Debates - View all George Kerevan's debates with the HM Treasury
(7 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Simon Kirby
The “Breathing Space” proposals are being carefully considered by the Government and we will report on them shortly.
George Kerevan (East Lothian) (SNP)
Unsecured consumer credit is rising at a level last seen before the banking crisis. Does the Chancellor accept that that is unsustainable?
Mr Philip Hammond
Clearly, it cannot go on forever, but households do have some capacity for debt, and consumer borrowing and consumer spending have been an important component of the robustness of the economy over the past few months. What I hope to see is business investment and exports providing a greater share of the growth during 2017.