Liz Kendall
Main Page: Liz Kendall (Labour - Leicester West)Department Debates - View all Liz Kendall's debates with the Cabinet Office
(8 years, 5 months ago)
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Liz Kendall (Leicester West) (Lab)
The Chancellor said this morning that action to address the referendum’s
“impact on the economy and the public finances”
will not be taken until the autumn. At a time of such risk and uncertainty and with continuing weaknesses in our economy, I find that staggering. Will the Prime Minister reconsider this decision and bring forward a proper plan, particularly to secure the private and public sector investment that our economy will need to weather the incoming storm?
The Prime Minister
I think the Chancellor was referring to the idea that fiscal measures might be necessary if the economic impacts of leaving prove to be as bad as some of the independent forecasters suggested. He was referring to the idea of having some form of Budget. The Government stand ready, with the Bank of England and others, to take any measures necessary to help to create the market stability that might be necessary.