Public Finances: Borrowing Costs Debate

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Department: HM Treasury

Public Finances: Borrowing Costs

Johanna Baxter Excerpts
Thursday 9th January 2025

(1 day, 14 hours ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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At the autumn Budget, the Chancellor invested in frontline public services, because we recognise that people rely on them, but also because functioning public services are an important route to growth in the economy. If people are sick and cannot get to work, they need to be able to see a doctor in a timely fashion, so that they can get back to work. That is the priority of this Government, as well as investing in modernising our public services, so that they are fit for the future.

Johanna Baxter Portrait Johanna Baxter (Paisley and Renfrewshire South) (Lab)
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My constituents suffered real hardship as a result of the disastrous mini-Budget pursued by the Conservative party. Does the Chief Secretary to the Treasury agree that in order to improve living standards for my constituents, we must stick to our fiscal rules, maintain fiscal discipline and invest in our public services?

Darren Jones Portrait Darren Jones
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I very much agree. That is why fiscal stability and economic responsibility are at the heart of this Labour Government and the Chancellor’s agenda. Members on the Opposition Benches may want to pay attention to that.