Fiscal Rules Debate

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Department: HM Treasury

Fiscal Rules

Johanna Baxter Excerpts
Monday 28th October 2024

(1 month, 3 weeks ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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The hon. Gentleman is trying to be clever, but he is inviting me to speculate on the Budget. He will have to wait until Wednesday.

Johanna Baxter Portrait Johanna Baxter (Paisley and Renfrewshire South) (Lab)
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Does the Minister agree that sustainable growth cannot come from short-termism and that the falls in public sector investment planned under the last Government would have exacerbated, rather than ameliorated, the economic chaos they got us into?

Darren Jones Portrait Darren Jones
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My hon. Friend is right. We have a choice at this Budget either to continue with the failed policies of the previous Government or to change them. The British people will not be surprised that our decision is to change them, reflecting on the fact that the cut in investment under the previous Government has led to poor productivity in public services and a lack of growth in the economy. That serves nobody.