Replacement of the Chancellor of the Exchequer

Stephen Crabb Excerpts

Monday 17th October 2022 Commons Chamber

[Penny Mordaunt]

I think it is incredibly important today that the Chancellor is allowed to set out the policy changes that he has made to provide answers to the House and the country, so we can restore some certainty to the growth programme. That is what will help stability, and I ask all hon. Members to consider, in their questioning to me, how those questions will help that scenario.

[Stephen Crabb (Preseli Pembrokeshire) (Con)]

Pragmatism and dealing with the world as it is are the traditional strengths of Conservatives in Government, and the fiscal changes being announced by the new Chancellor today are entirely correct. Does my right hon. Friend agree, though, that the very last thing that is needed right now—the last thing that mortgage holders, people struggling to get on the housing ladder and people who are worried about paying their fuel bills need—is further political instability upsetting markets?

[Penny Mordaunt]

My right hon. Friend is right. We also need to put through legislation to enact some of the measures that will help with the cost of living issues that people are facing. We need time on the Floor of the House to do that and we need to give the public some certainty about the future.