Economic Update

Matt Hancock Excerpts

Monday 17th October 2022 Commons Chamber

[Jeremy Hunt]

I have a great deal of respect for the campaigning the right hon. Lady has done over many years against people illicitly hiding wealth and not paying their share of tax. I totally support the benefits that investment zones can bring, but we will implement that policy in a way that learns the lessons of when similar models have been tried in the past and we will make sure they are successful.

[Matt Hancock (West Suffolk) (Con)]

I welcome the return of an iron-clad fiscal responsibility, albeit within the most velvet of gloves, for there can be no growth without economic credibility. Will my right hon. Friend answer this question? When, in a fortnight, he brings forward the forecasts made independently by the OBR, will he guarantee that they will show debt falling as a proportion of our income and that once we have the finances fully under control we will not be borrowing for day-to-day spending, because we cannot put the nation’s spending on the never-never?

[Jeremy Hunt]

Yes and yes.