Luke Charters
Main Page: Luke Charters (Labour - York Outer)Department Debates - View all Luke Charters's debates with the HM Treasury
Public Spending: Inheritance
Luke Charters Excerpts(4 months, 3 weeks ago)
Commons ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Mr Luke Charters (York Outer) (Lab)
The OBR chair’s letter referenced earlier suggests that we could now be facing one of the largest ever year-ahead expenditures outside of a pandemic. This level of cover-up would never be tolerated in the private sector. Does my right hon. Friend agree that this is exactly why my constituents deserve transparency about the state of the public finances?
Rachel Reeves
My hon. Friend speaks powerfully on behalf of his constituents in York Outer. They voted for change because they were sick and tired of unfunded commitments, broken public services and the deterioration in living standards after 14 years of Conservative Government. Today, they found the legacy the previous Government left is even worse than we could have anticipated, with a £22 billion black hole in the public finances.