Public Finances: Borrowing Costs Debate

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Department: HM Treasury

Public Finances: Borrowing Costs

Richard Tice Excerpts
Thursday 9th January 2025

(1 day, 14 hours ago)

Commons Chamber
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Richard Tice Portrait Richard Tice (Boston and Skegness) (Reform)
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Is the Chief Secretary aware that the last two months’ GDP figures, for September and October, are both down? Is he aware that sterling is falling—in fact, almost collapsing? Confidence is falling and investors are fleeing. The only things going up are inflation, wasteful public spending and the cost of debt. Be under no illusion: we are heading towards a financial crisis. Will he ask the Chancellor to return from her ridiculous trip to China, to reverse course, and to cut daft spending and wasteful regulations, so that we can create some growth?

Darren Jones Portrait Darren Jones
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I think the question was whether I was going to demand that the Chancellor come back from her trade trip to China. I will not, no.