Rushanara Ali
Main Page: Rushanara Ali (Labour - Bethnal Green and Bow)Department Debates - View all Rushanara Ali's debates with the HM Treasury
(1 year, 7 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Kwasi Kwarteng
I am grateful to my hon. Friend, whose policy prescriptions are always interesting and valuable. I have only been in post for two and a half weeks, but I should be happy to discuss with him how we can simplify our tax system.
Rushanara Ali (Bethnal Green and Bow) (Lab)
We know that inflation is way off target, and today’s announcement of £45 billion of tax cuts will make that worse. It will force the Bank of England to continue consistently to raise mortgage rates, which will hammer homeowners and mortgage holders. The Chancellor has not published the OBR analysis. Is it not time he did, and is not his reason for not publishing it the fact that it reveals that he has broken the fiscal rules for which he voted and will not achieve the growth target that he set himself?
Kwasi Kwarteng
As I reminded my right hon. Friend the Member for Central Devon (Mel Stride), and as I said in my statement, the OBR will be coming up with a forecast, certainly before the end of the calendar year, and I shall be very interested to see and hear what it has to say.