Oral Answers to Questions

Debate between Kwasi Kwarteng and Mel Stride

Tuesday 11th October 2022 Commons Chamber

[Mel Stride (Central Devon) (Con)]

I very much welcome my right hon. Friend’s decision to bring forward the medium-term plan and the OBR forecast; he has listened, and he is right. However, may I caution him to reach out as much as he can across both sides of the House, to be certain that he can get through this House the measures he puts forward to underpin that forecast? Any failure to do so will unsettle the markets.

[Kwasi Kwarteng]

My right hon. Friend is absolutely right. He does a brilliant job of chairing his Committee and is full of wise counsel; he is absolutely right that we will and should canvass opinion widely ahead of the publication of the plan.

The Growth Plan

Debate between Kwasi Kwarteng and Mel Stride

Friday 23rd September 2022 Commons Chamber

[Mr Speaker]

I call the Chair of the Treasury Committee, Mel Stride.

[Mel Stride (Central Devon) (Con)]

I welcome much in this statement. There is a great deal that will help millions of families and businesses up and down the country. There is, however, a vast void at the centre of the announcements that have been made this morning: the lack of an independent OBR forecast. At a time when the markets are getting twitchy about Government bonds and the currency is under pressure, now is the time for transparency and making it very clear that whatever tax cuts or otherwise there may be, they are done in a fiscally responsible manner.

I have to say to my right hon. Friend that he should have come forward with an OBR forecast. The Treasury Committee knows, because of our correspondence with Richard Hughes, the head of the OBR, that it was standing ready to come forward with such a forecast. We further know, because of that correspondence, that there is a baseline forecast that the Chancellor has at the moment and that would have been on his desk when he first arrived in office. May I gently and respectfully ask him to release that forecast to provide transparency to the House and calmness to the markets, and to do that without further delay?

[Kwasi Kwarteng]

I thank my right hon. Friend and gently and respectfully remind him that, in the statement, I committed in a very categorical way to the OBR coming up with a forecast before the end of the calendar year. It will be a full forecast, not a baseline forecast, and it will fully score the measures outlined in this growth plan. I would be very happy to meet him at his Committee at a convenient time.

Comprehensive Spending Review

Debate between Kwasi Kwarteng and Mel Stride

Thursday 28th October 2010 Commons Chamber

[Kwasi Kwarteng]

rose—

[Mel Stride]

rose—

[Mr Hanson]

I shall give way to the hon. Member for Spelthorne (Kwasi Kwarteng).