Jeevun Sandher
Main Page: Jeevun Sandher (Labour - Loughborough)Department Debates - View all Jeevun Sandher's debates with the HM Treasury
Public Finances: Borrowing Costs
Jeevun Sandher Excerpts(1 day, 17 hours ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.
Each Urgent Question requires a Government Minister to give a response on the debate topic.
This information is provided by Parallel Parliament and does not comprise part of the offical record
Darren Jones
I thank the hon. Member for his question. He will note from the Prime Minister’s plan for change that the NHS is the subject of one of this Government’s key commitments, with commitments to get the elective waiting list down and to invest in the national health service so that we can do so. He will have heard that from the Chancellor at the Budget in the autumn, and he will see that it is a continued commitment from this Government. We can do that because of our commitment to the fiscal rules and because of our investment to grow the economy, which is the only route to long-term, sustainable public financing.
The hon. Member was very rudely groaned at by Conservative Members, but when it comes to their performance on the economy, it is not they who should be groaning, but the British people who should be groaning at them for what they did to their family finances.
Dr Jeevun Sandher (Loughborough) (Lab)
US bond rates are rising as well as those in the UK, with higher than expected inflation and interest rates. I note that Conservative Members have not mentioned that; perhaps they have not looked. The best way to make our debt sustainable is to invest to get growth growing, and to get expected inflation down by investing in clean energy. Does the Minister agree that our plans to invest in growth and in lower-price, cleaner energy is exactly the way to make our debt sustainable?
Darren Jones
My hon. Friend knows very well that this Government’s approach has been about stability, investment and reform: the stability we have brought following the chaos of the years under the Conservative party, as has been recognised by the British people and by the markets; the investment we have been unlocking, from our global investment summit all the way through to the work we have been doing in the Budget and since; and the reforms we are bringing forward—for example, planning reform—to make sure we can deliver infrastructure better in this country and unlock the investment that private capital has wanted to put forward in the UK for many years, but could not because of the chaos from the Conservatives when they were last in government.