Sam Tarry
Main Page: Sam Tarry (Labour - Ilford South)Department Debates - View all Sam Tarry's debates with the HM Treasury
Economic Update
Sam Tarry Excerpts(2 years, 2 months ago)
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Jeremy Hunt
As I have said—I am happy to repeat it—all these decisions will be taken through the prism of the impact on the most vulnerable people in society.
Sam Tarry (Ilford South) (Lab)
Many constituents in Ilford South will be very glad that the last Labour Prime Minister had the foresight to make the Bank of England independent, given the mini-Budget a few weeks ago almost tanked six pension funds in the UK. What I would like to know from our new Chancellor today is what he is going to do—at least one more is still at risk—to reassure pensioners in Ilford South, and the millions of people across the country who are not only angry but frightened, that he will do something concrete to shore up pension funds not just over the next few weeks but over the next few years.
Jeremy Hunt
We have had very decisive action from the Bank of England to do exactly that, and I hope the hon. Gentleman is encouraged by what the Governor of the Bank of England said today about his belief that he has largely solved those issues.