Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what progress he has made on reducing the level of national debt.

Reducing the national debt is one the Prime Minister’s five priorities and will provide the foundations for sustainable growth. The independent Office for Budget Responsibility confirmed in March that the government is on track to deliver this, meeting our fiscal rules with underlying debt falling as a percentage of GDP in 2027-28. We have shown we will take the difficult but necessary decisions to ensure that debt is falling.