Oral Answers to Questions

Richard Holden Excerpts

Thursday 23rd January 2025 Commons Chamber

[Mr Richard Holden (Basildon and Billericay) (Con)]

Unbelievably, the Treasury Committee has already raised concerns about the Office for Value for Money, citing issues around its remit, cost, cross-Government duplication and more, which could be expressed concisely as fears around the value for money of Labour’s new Office for Value for Money. Does the Minister agree with the financial markets, which do not believe this Government’s commitment to reforming public procurement or to prudent financial management, which is why they have added a Reeves ratio to the UK Government’s debt, costing taxpayers an extra £10 billion a year?

[Georgia Gould]

Yesterday, the National Audit Office published a report on the almost £50 billion gap in building maintenance. That is the legacy that the last Government left us: crumbling buildings, 15 years of lost wage growth and stalled productivity. Compare that with this Government’s record in just the past six months: £63 billion investment at the UK investment summit and leading the way on artificial intelligence. The International Monetary Fund upgraded our growth to the fastest in Europe. The Opposition might want to run down this country, but we are determined to grow our economy.