Janet Daby
Main Page: Janet Daby (Labour - Lewisham East)Department Debates - View all Janet Daby's debates with the HM Treasury
(11 months ago)
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Andrew Griffith
My hon. Friend is absolutely right: the last thing that the economy needs at the moment is any party coming forward with more unfunded spending cuts. It is why the Institute for Fiscal Studies has raised concerns about an increase in interest rates and inflation if Labour were to come to power and spend an additional £28 billion, which I believe even the shadow Chancellor herself has confessed would be reckless.
Janet Daby (Lewisham East) (Lab)
When would the Minister say the Tory party gave up being the party of home ownership? Was it when it crashed the economy last autumn, or was it when it scrapped house building targets?
Andrew Griffith
The hon. Lady is, I am afraid, completely incorrect. The Conservative party is absolutely on the side of home ownership. It is why we have always supported the right to buy, in the face of opposition not just from the Labour party but from Labour-controlled local councils. It is also why we continue to have a wide range of schemes in the market to help first-time buyers.