Replacement of the Chancellor of the Exchequer

Peter Bone Excerpts

Monday 17th October 2022 Commons Chamber

[Penny Mordaunt]

As I said in my opening remarks, this will have been a very difficult decision for the Prime Minister and she has taken it because it is in the national interest. She should have all our support in doing so.

[Mr Peter Bone (Wellingborough) (Con)]

If I was the financial director of a plc and went to the board and suggested that we cut our revenues greatly and we would not put in an increase next year, the director of the board would look at me and say, “That’s good. So, Peter, what are the spending implications and how is it going to be funded?” Unfortunately for the previous Chancellor, he did not provide those answers. We had a statement lasting two and a half hours, instead of a Budget that should have been debated for 23 or 24 hours. Will the Leader of the House admit that that is the reason the Chancellor had to go? He produced a part-Budget, not the whole thing.

[Penny Mordaunt]

I thank my hon. Friend for his remarks. I hope that we will soon be able to hear from the Chancellor on these important matters and concerns for Members of the House and their constituents.