Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Richard Fuller Excerpts
Tuesday 23rd June 2026

(1 month, 1 week ago)

Commons Chamber
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Lindsay Hoyle Portrait Mr Speaker
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I call the shadow Minister.

Richard Fuller Portrait Richard Fuller (North Bedfordshire) (Con)
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I am sorry, but the Chancellor’s recollection of her record is fantasy economics from a fantasy economist. Is it not the case that her true record is poor decision making: with U-turn after U-turn on winter fuel payments, business rates and family farm taxes; tax after tax on jobs, investment and savings; a country more indebted with higher interest rates; and a Chancellor unable to cut welfare and unwilling to fund our defence?

Rachel Reeves Portrait Rachel Reeves
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I am incredibly proud of my record as Chancellor of the Exchequer: the fastest growing country in the G7 within the EU, wages rising faster than inflation every single month since I became Chancellor, record investment coming into the United Kingdom, rolling out free breakfast clubs and free school meals, 500,000 children lifted out of poverty, creating the National Wealth Fund and leveraging in private sector investment. Those things are only possible because of the decisions I have made as Chancellor. As a result, for the first time since 2019, Government borrowing was less than 5% of GDP—a far change from the mess I inherited from the Conservatives.