Fiscal Rules Debate

Full Debate: Read Full Debate
Department: HM Treasury

Fiscal Rules

Peter Swallow Excerpts
Monday 28th October 2024

(1 month ago)

Commons Chamber
Read Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Darren Jones Portrait Darren Jones
- View Speech - Hansard - - - Excerpts

My hon. Friend knows that the test of a good Government is whether they can secure private sector investment to come alongside them—something that declined under the last Government. That is why the national wealth fund, which the Chancellor has announced, will secure billions of pounds of private sector investment, alongside public sector investment, in the industries of the future.

Peter Swallow Portrait Peter Swallow (Bracknell) (Lab)
- View Speech - Hansard - -

Does the Minister agree that the previous Government’s failure to invest not only damaged economic growth, but led to damage to our public services, with a broken NHS, special educational needs in crisis and local government on the brink?

Darren Jones Portrait Darren Jones
- View Speech - Hansard - - - Excerpts

My hon. Friend will know, from speaking to his constituents during his campaign to be elected and since, that people’s experience of public services across the country shows the fact of the matter: after 14 years of failure from the Conservatives, our public services are on their knees. That is why they need a Government who will bring stability back to our economy, invest in public services and improve outcomes for people who rely on them and work in them.