Economic Update Debate

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Department: HM Treasury
Monday 17th October 2022

(2 years, 1 month ago)

Commons Chamber
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Jeremy Hunt Portrait Jeremy Hunt
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The answer is yes. To demonstrate that I understand what my hon. Friend is talking about when he talks about the private sector, I am going to say some words I have always dreamed of saying from this Dispatch Box: I used to be an entrepreneur.

Stewart Hosie Portrait Stewart Hosie (Dundee East) (SNP)
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The Chancellor spoke about difficult questions to be faced in the future, and I hope he is not going to fall into the old trap of trying to cut his way to growth, because that cannot work and it never works. May I welcome what he did today: the screeching U-turn on the vast majority of the mini-Budget from the Prime Minister and his predecessor? Given that he has done that—I do welcome it—may we have a guarantee from him today that for as long as he has anything to do with it, there will never be a return to extremist, crank, experimental, think-tank economics?

Jeremy Hunt Portrait Jeremy Hunt
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I am happy to offer that guarantee if the right hon. Gentleman will agree to explicitly reject the extremist, crank, think-tank economics of Scottish independence.