Harriet Cross
Main Page: Harriet Cross (Conservative - Gordon and Buchan)Department Debates - View all Harriet Cross's debates with the HM Treasury
Public Finances: Borrowing Costs
Harriet Cross Excerpts(1 day, 17 hours ago)
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Darren Jones
That is exactly why our fiscal rules are non-negotiable. While the Conservatives borrowed to pay the bills every month because they did not have enough money to pay for all their promises, this Government are investing in the future of our country, whether through reforming public services or investing in infrastructure and opportunities for growth. That is exactly the right approach to the economy; it is what our fiscal rules demand, and what we will be held to.
Harriet Cross (Gordon and Buchan) (Con)
Next has said that it will increase prices by 1%, directly because of the increases to national insurance contributions, and has warned of slowing growth. With business confidence plummeting, gilts at a 26-year high and growth stagnating, do the Government still maintain that they have an iron grip on public finances, or will they admit that their Budget has done exactly what the Conservatives warned: increase costs, increase prices and reduce growth?
Darren Jones
The question was whether the Government have an iron grip on public finances; the answer is yes.