Fiscal Rules

Scott Arthur Excerpts

Monday 28th October 2024 Commons Chamber

[Darren Jones]

I share my hon. Friend’s commitment to wanting to tackle child poverty in this country—this party had a proud record on that when we were in government previously. That is why we have set up the child poverty taskforce, which reported last week, and our ambition is to reduce child poverty over the course of this Parliament. We will set out further measures in the Budget on Wednesday on how we intend to deliver that.

[Dr Scott Arthur (Edinburgh South West) (Lab)]

I thank the Minister for his statement. Residents and businesses in my constituency absolutely share our ambition to get the country back on track, and acknowledge that the mission-led focus of the Government and the fiscal rules are at the core of that. They contrast that with 14 years of drift under the Conservatives, punctuated only by 49 days of utter chaos. However, residents and businesses in my area want to be reassured that they can be confident about our level of ambition, so will the Minister update us on how investors are responding to our focus and the maturity that we bring to the debate around the economy?

[Darren Jones]

I point my hon. Friend to our very successful international investment summit only a couple of weeks ago, when it was very clear from investors that bringing stability back to our politics and our economy has been long wanted. That is why we were able to commit to £63 billion of investment in the country at the summit, followed by another £10 billion of investment announced only a few days after. We intend to raise much more to invest in this country and to bring growth back to the economy.