Oral Answers to Questions

Debate between Jeremy Hunt and Chris Elmore

Tuesday 14th November 2023 Commons Chamber

[Chris Elmore (Ogmore) (Lab)]

10. What recent assessment he has made of the implications for his policies of the economic growth rate.

[The Chancellor of the Exchequer (Jeremy Hunt)]

Our policies are increasing economic growth, as the Office for Budget Responsibility confirmed following last year’s autumn statement and the spring Budget, but the only way to secure higher, sustainable, long-term growth is to bring down inflation.

[Chris Elmore]

The OBR judged the Chancellor’s last Budget to have no overall long-term impact on the level of potential productivity. Does he expect the OBR to make a similar judgment of his next Budget?

[Jeremy Hunt]

I remind the hon. Gentleman of what the OBR actually said about the spring Budget:

“the overall impact on GDP is around 0.2 per cent in 2027-28. This is the largest upward revision we have made to potential output within our five-year forecast as a result of fiscal policy decisions taken by a Government”.

Oral Answers to Questions

Debate between Jeremy Hunt and Chris Elmore

Tuesday 20th June 2023 Commons Chamber

[Chris Elmore (Ogmore) (Lab)]

T5.   How on earth can the Chancellor begin to understand the worries of ordinary homeowners when it would seem that in 2018 it slipped his mind to declare that he had spent £3.5 million buying seven luxury flats in Southampton as an investment opportunity? Is the reality not that he and the Treasury Front-Bench team are completely out of touch with what homeowners are facing?

[Jeremy Hunt]

With respect to the hon. Gentleman, he should get his facts right before making that kind of suggestion. He got them wrong.