Spring Forecast

Meg Hillier Excerpts

Tuesday 3rd March 2026 Commons Chamber

[Mr Speaker]

I call the Chair of the Treasury Committee.

[Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

I have to say that the sound and fury from the shadow Chancellor is extraordinary, given that it was his Government who ran the country and its citizens into chaos, with interest rate and inflation increases under the Truss mini-Budget. I welcome today’s forecast partly because there has been so little speculation along the way, which I am sure the Chancellor, the markets, the public and businesses welcome. That is the stability and confidence that we need to see. The Chancellor laid out her three choices to promote growth. She will be appearing in front of the Select Committee next week, when we hope to probe her further. In the meantime, can she tell us which of those three areas to grow the British economy she is most excited about?

[Rachel Reeves]

I thank my hon. Friend for that question. The biggest change that we can make is ensuring that growth takes place in all parts of our country, rather than just for a few people in a few parts of Britain. The changes to economic geography that we have started by changing the Green Book to give every part of our country the fair chance to get the investment and opportunity that they deserve mean that growth will benefit everybody, not just a small few.