Budget Resolutions
Debate between Jonathan Edwards and Mel Stride(4 years, 2 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mel Stride
My right hon. Friend is absolutely right that we flex the rules to accommodate the circumstances. My point is that when we talk about headroom within our fiscal rules, we have to make sure that the number we are focused on is as accurate as possible. Given what is happening with coronavirus and the fact that the OBR struck its forecasts some time ago, the current forecasts are almost certainly already out of date.
Jonathan Edwards (Carmarthen East and Dinefwr) (PC)
Once again the OBR figures show a downgrade, so do today’s Budget announcements not mask a decade of failure of economic policy by the British Government?
Mel Stride
Quite the reverse. I began by pointing out that the fundamentals of the economy are strong. They certainly were not strong in 2010. We inherited something of a mess from the Labour party.