Fiscal Rules Debate

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Department: HM Treasury

Fiscal Rules

Nick Timothy Excerpts
Monday 28th October 2024

(3 days, 16 hours ago)

Commons Chamber
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Darren Jones Portrait Darren Jones
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I welcome my hon. Friend’s question. [Interruption.] I know that Opposition Members find it uncomfortable, but it is a matter of fact that we will return to time and time again, because the sheer truth of it is that the last Government made promise after promise to the British people, knowing that they did not have the money to pay the bills. It is shameful, and the sooner they come to the House and apologise for their behaviour, the better it might be for them in the long run.

Nick Timothy Portrait Nick Timothy (West Suffolk) (Con)
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If the Minister is so confident in his fiscal rules, will he take this opportunity to commit to the House that the 10-year gilt yield in this Parliament will not exceed the maximum it was over the past 10 years?

Darren Jones Portrait Darren Jones
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The hon. Gentleman is trying to be clever, but he is inviting me to speculate on the Budget. He will have to wait until Wednesday.