Public Spending: Inheritance Debate

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Department: HM Treasury

Public Spending: Inheritance

Gregory Stafford Excerpts
Monday 29th July 2024

(3 months, 1 week ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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I thank my hon. Friend for that question. In the letter that the Office for Budget Responsibility published this afternoon, the Chair said,

“I welcome the important actions announced today by HM Treasury to improve the transparency and credibility of their institutional arrangements for forecasting, planning, and controlling DEL.”

That is really important. By taking these actions, we will ensure that never again can any Government do what the Conservative party did: cause a £22 billion black hole in our public finances.

Gregory Stafford Portrait Gregory Stafford (Farnham and Bordon) (Con)
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Residents in Farnham and Bordon will be concerned to hear about the scrapping of the new hospital programme, especially those living in the north of the constituency who are served by Frimley Park hospital. Will the Chancellor confirm that work on RAAC-affected hospitals, like Frimley Park, will still go ahead? Will she tell us when we can have assurance on that so that we can reassure our constituents?

Rachel Reeves Portrait Rachel Reeves
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The hon. Gentleman’s constituents will be rightly angry with the previous Government for making unfunded spending commitments that they knew they could not pay for. My right hon. Friend the Health Secretary will meet all those with affected hospitals—including those affected by RAAC—to ensure that we can as quickly as possible address the challenges that his constituents and so many others now face because of the unfunded promises made by the previous Government.