Nick Smith
Main Page: Nick Smith (Labour - Blaenau Gwent)Department Debates - View all Nick Smith's debates with the HM Treasury
(1 year, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Kwasi Kwarteng
We openly repudiate a socialist vision of society. We do not believe that the state should take more and more of people’s income. We think that people should keep more and more of their earnings.
Nick Smith (Blaenau Gwent) (Lab)
The Chancellor has sacked his permanent secretary and muzzled the Office for Budget Responsibility, and is man-marking the Governor of the Bank of England. The Chancellor’s free-wheeling ideology is crushing dissent. Will the Governor of the Bank of England still be in his job by Christmas?
Kwasi Kwarteng
The Governor of the Bank of England is entirely independent. We actually have very good relations. We speak regularly, which I think is a good thing. The hon. Gentleman might think it is man-marking; I think it is very cordial. We exchange ideas, and we intend to continue doing so.