Public Spending: Inheritance Debate

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Department: HM Treasury

Public Spending: Inheritance

Stuart Anderson Excerpts
Monday 29th July 2024

(3 months, 3 weeks ago)

Commons Chamber
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Rachel Reeves Portrait Rachel Reeves
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I thank my hon. Friend for that question; I am pleased to have her as a constituency neighbour in Leeds. She is absolutely right that the previous Government went into the election knowing that there was a £22 billion black hole. What did they do during that election? They made more unfunded spending commitments and more unfunded promises about tax that they knew they could not keep. That was deeply irresponsible. After all the damage that they have done, they should have come to the Chamber today and apologised.

Stuart Anderson Portrait Stuart Anderson (South Shropshire) (Con)
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Would the Chancellor confirm that all the information presented today was not known to her before last Thursday, when the estimates were laid?

Rachel Reeves Portrait Rachel Reeves
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When I arrived at the Treasury three weeks ago, I asked Treasury officials to do a full analysis. We concluded that analysis over the weekend and I am publishing it today for the House of Commons.

--- Later in debate ---
Caroline Nokes Portrait Madam Deputy Speaker
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The right hon. Member will know as well as I do that that is not for the Chair to decide. It is for the Government to decide what they put in their estimates and in documents that are published.

Stuart Anderson Portrait Stuart Anderson
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Further to that point of order, Madam Deputy Speaker. The Chancellor said—for transparency—that she had found out about everything this weekend, but last week, prior to this weekend, she said that the Treasury had also met the Office for Budget Responsibility to explain how bad things were. The two cannot both be correct. Could the Chancellor come to the House and correct the record?

Caroline Nokes Portrait Madam Deputy Speaker
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I have made it very clear that it is not a matter for the Chair. Those on the Government Benches will have heard three points of order on the same subject. If they wish to come to the House, I am sure the Chancellor will.